SU, the native token of the Blockchain SUI, is down almost 6% in the last 24 hours, withdrawing at $ 4.04 after having paid briefly at $ 4.44 during the night. This decision occurred at the rear of a pic of volume of tokens of 32.37 million, well above daily standards, before selling intensified and trained prices, according to the price of the analysis of Coindesk.
Bulls initially held the line at $ 4.32, but Bears took the momentum while SU has slipped through the main technical levels. The token closed the session at $ 4.11, a decrease of 5.25%. Coindesk Analytics shows a resistance that is now formed between $ 4.20 and $ 4.24, while a double background seems to develop from $ 4.08 to $ 4.09.
A larger weakness in cryptographic markets may have added to pressure. The Coindesk 20 index is down 1.4% in the last day. An increase of almost 1% of the US dollar index today – often a headwind for risk assets such as cryptocurrencies – has coincided with market -scale drop, including SUS slide.
However, SUD increased by 46% in the last month, surpassing the gain of 33% of the CD20. This growth follows an increase in interest in the SUP ecosystem, which saw the total locked value exceeding $ 2 billion earlier this month, according to Defilma.
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