- Sui 2 % dates back to $ 3.25, but it is struggling for $ 3.45, the resistance area.
- Technical indicators indicate a potential re -test of $ 3.03.
- Network TVL recovers $ 1.75 billion while Stablecoin market grows 8 %.
SUI faces a strong rejection near the resistance level of $ 3.45, as Haboodi technical signals accumulate over multiple time frames. Despite the scales of the last network growth, the price movement indicates that the prevailing lower direction can extend to the level of psychological support of $ 3.
The 4 -hour graph reveals SUI’s failure to overcome $ 4.20 resistance, which led to a continuous correction stage characterized by lower high compositions. Local resistance lines were formed, with Sui supported at $ 3.03 last week before trying to challenge this declining border.
The current price movement faces multiple obstacles, including the support zone, which has turned into resistance from $ 3.33 to $ 3.44 alongside EMA 50-periods at $ 3.41. These converged downward elements create a huge barrier that contains recent recovery attempts.
The composition of Sui Ema turns into a declining
Technical indicators support the negative side, as EMAS approaches 100 periods and 200 periods of a negative intersection that will confirm the declining momentum. The potential death cross usually indicates the extension of the pressure pressure over the medium -term time frames.
The relative strength index lasts for 4 hours in the struggle for a fracture above the center point level, indicating twice the bullish momentum despite the modest gains today. This oscillator behavior indicates that buyers lack the necessary condemnation to pay the continuous recovery.
Prices’ work analysis indicates a possible re -test of the decisive support level of $ 3.03 if the current resistance continues. The decisive closure for 4 hours to the bottom of this support may lead to a deeper correction towards the Fibonacci level by 50 % at $ 2.71, which extends losses that exceed the last ranges.
On the contrary, the 23.60 % Fibonacci lounge at $ 3.45 will restore the prospects for SUI. Such a step can target the resistance level $ 4.20, although multiple public barriers indicate that this scenario faces difficult implementation requirements.
SUI’s derivative markets reveal mixed feelings as traders are waiting for clarity of trend. The open interest increased by 1.72 % to $ 1.43 billion, indicating the increasing participation despite the uncertainty in prices.
However, 24 -hour liquidation data shows a balanced position, with long qualifications at $ 769,000 compared to $ 749,000 in short pants. This balance indicates that merchants are still reluctant to adhere to either direction until SUI creates a decisive direction.
The location of the derivatives indicates that the market participants adopt the parking and vision curricula instead of betting strongly on the immediate collapse or faults.
