Increasing volume in recent days Sui( SUI)With its increase in the last 24 hours, it overtook a large part of the altcoin market.
SUI, which has been on the agenda with its upward explosions for a while, made a move again. SUI, which triggered an upward movement with the momentum it gained from the support level, ranked fourth on the “Top Risers” list with an increase of 7.55 percent in the last 24 hours. Can SUI, which is progressing positively in terms of volume and price, maintain this effect? What is the latest situation for technical analysis?
After BTC exceeded $ 37,000, SUI gained a little more volume and reached $ 0.62 from $ 0.50. The popular coin, which currently finds buyers at $ 0.6195, is $ 0.68 when it breaks $ 0.6203. If the $0.68 level, which is a critical threshold, is exceeded in volume, a movement towards 0.7168 – 0.7507 – 0.7853 and $0.8245 may occur, respectively.
Increasing the selling pressure created by lock openings, BTC’s downward movement or SUI’s failure to price above $0.6195 will trigger a new selling wave. In such a scenario, declines up to 0.5517 – 0.5109 – 0.4825 and 0.4721 dollars can be followed, respectively. Especially if $0.5109 is lost, sellers can take control and shake the short-medium term price structure.
