Main information:
- The SUP (SUI) course rebounded on the support of $ 3.41, and aims for $ 4.28 and $ 5.14 on a bullish momentum.
- The Long-to-Sluing Ratio of Sui reached 1.47, with 59.57% of traders betting on the rise.
- The open interest in Sui has increased by 6 %, the funding rate of 0.0159 % due to high demand.
The Suis Prix Warred as one of the most efficient altcoins, while the cryptocurrency market as a whole maintains an upper dynamic. Bitcoin is exchanged over $ 96,000, bringing the total capitalization of the cryptocurrency market to 3,000 billion dollars.
The action of the price of Cryptocurrency Suis And the strength of the ecosystem aroused significant interest in the market in the context of this rise in power. Altcoin is currently negotiated at $ 3.46 with a market capitalization of $ 11.61 billion, making it the 11th largest cryptocurrency.
The technical structure of the price of the sui signals an imminent increase
Technical analysts point out a firm price structure supporting an additional increase potential. Marco Polo noted that the Suis Prix Remains in a strong upward trend, fueled by solid fundamentals and favorable technical alignment.
On the daily graphic, the crypto SUI has exceeded major resistance zones and is consolidated just below $ 4.00.
The Haussier graph presents a projected continuation which targets the range from $ 6.00 to $ 7.00, subject to a sustained rupture volume. The upward structure of Suis Prix remained intact because the price was maintained above key support levels.
It continues to form higher hollows on several deadlines, thus strengthening its upward trend. The mobile averages at 50 and 200 days are lower than the current price, which underlines the strength of the trend.
The parallel execution of suis, the evolutionary intelligent contracts based on MOVE and the growing adoption of DEFI and the games make it a solid competitor of layer 1. The depots of ETF of 21Shares and Canary, as well as the integration of Fireblocks, have further strengthened the attention of institutions.
The price of the suis maintains the support of 3.30
In addition, Altcryptalk underlined the rejection by the Cryptocurrency Suis of $ 2 level and its subsequent increase of more than 100 %. Altcoin is now consolidated between $ 3.41 and $ 3.83 on the 4 -hour graph.
Technical indicators support current market trends on the market. The Stochastic oscillator has completed his crossing movement, signaling an upward dynamic.
In addition, the MacD line is almost in contact with its signal line, which strengthens the potential for rising. The indicators suggest a short -term price change and a later return to the support level of $ 3.83.
A successful break and a confirmed increase in volume above $ 3.83 will trigger two potential targets at $ 4.28 (Fibonacci level of 50 %) and $ 5.14. Decreasing support is nearly $ 3.00, a psychological level that has served as a basis since the end of April.
Data on derivative products confirm the bullish feeling of operators
ONCHAIN’s data showed a strong long interest around SU. According to Coinglass, the long-to-short ratio climbed to 1.4734. The latest data reveal that 59.57 % of traders have long positions. This suggests a growing market optimism for upward price trends.
In addition, data on open interest has shown growth of 6.4 % in the last 24 hours, bringing its total to $ 1.55 billion. Recent interest rates for long -speaking position traders reached 0.0159 %.
These parameters constitute precursor signals of a possible pursuit of the increase. A positive action on the cash price and high volume trends reinforce the upward dynamics when they are supported by a positive action on the cash price.
SU remains in a consolidation zone, is now stable while market forces determine its next movement. Increased participation of leverage buyers could provide the necessary impulse to reach the level of $ 5.00.
This indicates a potential upward dynamic. If the upward trend continues with the confirmation of a break, the Suis Prix could increase up to $ 6.
Expansion of the ecosystem and institutional support
The fundamental factors of SUP provide additional support for its growth on the market. The engineers of Mysten Labs, who previously worked at Meta, designed to carry out parallel operations through a system centered on the object which offers high performance.
The Move programming language, created for Diem, allows secure and evolving execution of intelligent contracts. The DEFI and NFT sectors of Su sur have experienced an increasing activity, reflecting an increased commitment to the network.
Platforms such as Suifrens, Navi and Suinns strengthen the usefulness of Suis, which promotes its adoption. The accessibility of blockchain and the support of the ecosystem made it a candidate favorable to an early adoption in companies and retail markets.
The interest of institutions for ETF is strengthened as they sign documents and collaborate in the infrastructure. The next cryptographic cycle shows that SUI crypto is one of the main altcoins because it demonstrates a potential for technical growth.
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This article is published for information only and does not provide any financial advice, investment or other. The author or persons mentioned in this article are not responsible for financial loss that may result from an investment or transaction. We invite you to find out before making a financial decision.
