- Sui (SUI) reached an all-time high of $5.35 and traded at $5.22 with a daily increase of 6.01%.
- The market cap stands at $15.69 billion, with a 44.63% increase in 24-hour trading volume to $2.59 billion.
Sui reached a new all-time high of $5.35, representing significant growth in market performance. Currently, Sui commerce At $5.22, up 6.01% over the past 24 hours, with a market cap of $15.69 billion, representing a 6.04% increase.
Its trading volume increased by 44.63% to $2.59 billion, which means its 24-hour volume to market cap ratio is 16.53%. SUI’s fully diluted valuation (FDV) is $52.2 billion, based on a total supply of 10 billion tokens, of which 3 billion tokens are in circulation.
The Haedal Protocol enhances the Sui ecosystem with advanced liquid hedging capabilities, integrated with decentralized finance (DeFi) features. The underlying token, haSUI, represents this innovation, enhancing the utility and adoption of Sui.
Bullish indicators for SUI
Based on the 4-hour chart, SUI is trading above the major moving averages, reflecting bullish momentum. The 9-period moving average (MA) is $5.13, while the 21-period moving average is $4.72. the Cross A shorter moving average above the longer moving average indicates a potential continuation of the uptrend.
The Relative Strength Index (RSI) is at 74.67, indicating an overbought condition. Its average value of 70.49 confirms the presence of strong buying pressure. If RSI levels remain high, SUI may maintain its upward trajectory, but a pullback is possible if overbought conditions persist.
SUI faces immediate resistance at $5.35, a recent all-time high. If this level is broken, the price could target $5.50 in the short term. On the downside, major support lies at $5.13, followed by a stronger base at $4.72. A break below these levels could lead to further declines towards $4.15.
A bullish crossover in the moving averages, coupled with rising RSI levels, indicates strong momentum for SUI. The integration of Haedal Protocol and DeFi solutions could lead to further adoption, strengthening Sui’s position in the cryptocurrency market.
Today’s top crypto news
Fat Penguins (PENGU) rises 13% on strong bullish signals
Share
