In the short term, the token could face resistance near $3.69, with significant support at $3.41. If the overall market shows strength, there is potential to test $3.85. The RSI appears to be close to the upper bound, suggesting a potential reversal in the short term.
Support:
$3.4160: A relevant level where the price has previously tested and found support.
$3.1060: Stronger support in case of a sharper decline.
Resistance:
$3.6921: A level close to local resistance, which the price has tested several times without breaking through.
$3.8519: Higher resistance, which could be challenged in case of increased buying strength.
SUI is the native token of the Sui blockchain, which is a layer-1 platform focused on scalability and performance. Developed by Mysten Labs, it uses a parallel execution model, making it efficient for decentralized applications (dApps) and NFTs.
Token Functions:
Transaction Fees: Used to pay fees on the network.
Staking: Participation in network validations.
Governance: Holders can participate in network decisions
Support:
$3.4160: A relevant level where the price has previously tested and found support.
$3.1060: Stronger support in case of a sharper decline.
Resistance:
$3.6921: A level close to local resistance, which the price has tested several times without breaking through.
$3.8519: Higher resistance, which could be challenged in case of increased buying strength.
SUI is the native token of the Sui blockchain, which is a layer-1 platform focused on scalability and performance. Developed by Mysten Labs, it uses a parallel execution model, making it efficient for decentralized applications (dApps) and NFTs.
Token Functions:
Transaction Fees: Used to pay fees on the network.
Staking: Participation in network validations.
Governance: Holders can participate in network decisions
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.