Sui Price slowly forms a bull -click and the golden cross, pointing to a strong breakthrough, since its level of financing becomes positive, and decentralized financial assets jump.
SUI (SUI) Token is traded at $ 3.40 on Saturday, which is 94% from the highest level in April of this year.
Third-party data show that SUI has become one of the fastest growing players in the crypto industry this year. The amount of assets blocked in its decentralized exchange network jumped 40% over the past 30 days, up to 2.45 billion dollars.
This height made it 9th in size of the blockchain in the industry, more than popular networks, such as Avalanche (AVAX), Polygon (Pol) and Cardano.
Further data show that the market capitalization of SUI Stablecoin increased to $ 897 million, which means that soon it can cross the milestone of $ 1 billion. The number of stablers in the blockchain network is a positive sign, because it shows that users are actively interacting with it.
Further data show that the DEX protocols on Sui Blockchain see more traction among users. Their total transaction amounted to more than 2.9 billion dollars. The United States over the past seven days and 11.2 billion dollars. USA in the previous 30 days. Cetus, impulse and Bluefin led the market share in this.
Meanwhile, the eight -hour funding rate has become positive and indicates up, signaling that the price of an eternal contract is higher than in Spot One. This is a bull sign, because it signals that more traders are betting on price raising.
SUI prices analysis
The daily schedule shows that the Sui Coin has jumped over the past few weeks, moving from a minimum of $ 1.7290 on April 7 to $ 3.4 today. This gradually forms a model of a bull flag, a popular continuation sign.
Sui Token also forms a drawing of a golden cross, which occurs when 50-day and 200-day sliding averages are going to cross each other.
Therefore, the coin will probably have a strong bull breakthrough. The next goal for viewing is $ 5.395, its record, which is about 60% higher than the current level.
