Suis dropped from $ 3.25% to $ 3.72 to $ 3.38, with the heaviest sale during UTC midnight hours on volume 78% higher than the daily average
The recent correction occurs in the middle of wider geopolitical tensions affecting the markets of cryptocurrencies in the world.
While Bitcoin has shown resilience over critical resistance zones, Suppre faced with downward pressure despite solid fundamental.
The exploit of the Cetus protocol which led to $ 223 million in stolen assets (with 162 million frozen dollars) has created an uncertainty, although the Su sur community seems ready to approve a recovery plan with 71% of the validators who were already voting “yes” to return the frozen funds.
Distribution of technical analysis
- Sui-USD went from a summit of $ 3.728 to a minimum of $ 3.383, representing a correction of 9.25%.
- The highest sales pressure occurred during midnight (00:00) with a price drop of 4.0% over a volume of 78% higher than the average.
- Strong resistance established at $ 3.55.
- Recovery is trying to take a support of $ 3.42 with a volume above average during the period of 01: 00-02: 00.
- Lower highs forming a descending trend line, indicating continuous downward pressure.
- A flash accident occurred between 09: 37-09: 38, with a price from $ 3.45 to $ 3.40.
- An extraordinary volume of 4.3 million units recorded during the Flash crash.
- V inversion model formed, recovering around 60% of losses.
- Price stabilization between $ 3.43 and $ 3.44.
- Key support at $ 3.40 showing substantial purchase interests on several deadlines.
- A new resistance formed at $ 3.45 at $ 3.46, creating a consolidation range. The reduction in sales pressure suggests potential short -term stabilization.
