Sui
The native token of the layer 1 blockchain broke out of consolidation, from $ 3.27 to $ 3.39, showing a vanchet of volatility of 5.2% in the middle of an increased negotiation volume earlier on Tuesday.
Geopolitical tensions and current commercial disputes between major economies create market uncertainty, the action of suit prices reflecting a broader feeling on the market.
Recent consolidation of prices nearly $ 3.31 suggests the completion of the accumulation phase, with higher stockings forming an upward structure despite minor withdrawals.
Global commercial disputes and changes in economic policy create undulations on the cryptocurrency markets, following notable prices while investors sail in uncertain waters. The recent escape of the token from a consolidation phase demonstrates resilience in the larger market volatility, with support levels forming $ 3.29 to $ 3.30 after acting previously as resistance. Meanwhile, the technological progress of Su Network continues to draw attention, focusing on scalability and web integration positioning it only in the blockchain ecosystem.
Technical analysis
- Suis presented a notable volatility range of 5.2% ($ 0.17) over the period 24 hours a day.
- The key resistance established at $ 3.37 at $ 3.39 supported by a volume greater than the average of 14.6 million.
- The support levels trained at $ 3.29 at $ 3.30, which previously acted as resistance before being raped.
- Price action suggests the completion of the accumulation phase with higher stockings forming an upward structure.
- The token erased some of its earnings during American morning hours, trading at $ 3.30 at the press hour.
Warning: Parties of this article were generated with the help of AI tools and examined by our editorial team to guarantee accuracy and membership of our standards. For more information, see the complete Coindesk AI policy.
