SUI survived an impressive price rally, grown by almost 20% in just two days. This surge notes the continuation of an almost three -week upward trend, caused by growing interest from Sui enthusiasts.
Since the market shows growing optimism, Altcoin attracted the attention of investors, preparing the ground for further prices.
SUI traders hope for profit
The open percentage in SUI increased by 28% in just 48 hours, having gained from $ 1.42 billion. USA to 1.82 billion dollars. USA. This increase by $ 400 million signals about growing interests in the futures market, and traders want to benefit from the bullish impulse Altcoin.
A positive level of financing additionally supports this forecast, which indicates that long positions dominate short positions. This suggests that traders expect that the price of SUI will continue to grow, which contributes to the common bull moods surrounding the coin.
The growing open percentage and a positive level of financing indicate that more capital enters SUI, strengthening its market position. Since more and more traders are held by long positions, this impulse can further advance the price, creating a positive feedback cycle.
Technical indicators also support the common SUI macro -found. Cash flow CHAIKIN (CMF) is currently at an almost four -month maximum, signaling that the influx outlines the outflow.
This growth suggests that investors are actively striving to benefit from the growing price of SUI, and further driving in demand.
As more capital enters the market, up the SUI pulse up, which increases the price. The increase in CMF reflects the positive mood of a wider market and suggests that the Altcoin rally is supported by the strong confidence of investors.
Sui Price continues its growth
Over the past 48 hours, the price of SUI has increased by almost 20%, bargaining by $ 3.96 at the time of writing. Altcoin is currently approaching the resistance level of $ 4.05.
A successful violation of this barrier will help preserve an almost three -week upward trend and can prepare the ground for further prices. This level is crucial for continuing the rally.
If SUI manages to turn $ 4.05 in support, this will open the door for further movement up. The following potential goals will be $ 4.79 or even higher, and 5.00 US dollars will become a realistic opportunity.
A steady rally outside this point signals strong bull moods and further prices.
However, if SUI cannot violate $ 4.05 and experience a change, it can fall to $ 3.59. The loss of this level of support will indicate the potential weakening of the bull impulse, and the price potentially drops to 3.18 dollars.
If this happens, this will deprive the current rising trend and shift market sentiments towards the bear prospect.
