During the recent low prices, only a few encrypted currencies managed to resist a huge decrease, and Sui, the original symbol of Sui Blockchain, is one of them. The daily asset graph shows that SUI remained higher than the level of decisive support of $ 3 and the 200 (EMA) moving average.
Sui technical analysis and the next level
With the latest test of this support level, expert analysis indicates that SUI appears to be an upward pattern of double prices, and the price began to move up. However, the daily chart not only indicates a bullish style, but also shows a bullish difference, indicating that the original may soon face a large large gathering.
Based on modern price actions, if Sui has its support level, it may rise by 30 % to reach a level of $ 4.15 in the near future.
In addition to this prediction, the bullish thesis will remain valid only if the SUI price remains higher than the level of $ 2.97, otherwise it may fail.
SUI is currently trading near $ 3.18 and has seen price increases to more than 7.50 % over the past 24 hours. However, during the same period, the procedures prompted the upward prices to increase the participation of merchants and investors, which led to a 15 % jump in the trading volume.
At a value of $ 21 million, it deserves sui flow
During this increase in participation, investors and their long -term holders were largely accumulated in origin, as stated by the Analysis Company on the series Coinglass.
Data from immediate flows and external flows revealed that exchanges have witnessed an external flow of $ 21 million of SUI distinctive symbols, indicating a possible accumulation.
In this continuous recovery of prices, the market morale remains positive, as investors and analysts believe that this is an upward sign that can push the purchase pressure and more bullish momentum.
Betting ascending to merchants on long positions
Regardless of the upcoming participation of investors and long -term holders, traders inside the day seem to follow the same trend.
Data reveals that traders who are betting on the long side are excessive in the record at $ 3.123, after they built long jobs worth $ 7.55 million at this level, because they believe that the price will not decrease.
On the contrary, 3.26 dollars is another level of the record, as betting accumulated on short positions at $ 5.20 million of short jobs.
This data indicates that the bulls, including merchants and investors, are currently supporting price procedures and can help the assets rise significantly in the coming days.
