Sui
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Geopolitical tensions and ongoing trading misunderstandings between the major economies create uncertainty in the market, with a SUI price action that reflects the broader emotions in the market.
The recent incorporation of prices near $ 3.31 suggests completing the accumulation phase, with higher lows forming a bullish structure despite minor pullbacks.
Disputes in global trade and economic policy changes create ripples in cryptocurrency markets, with SUI experiencing well -known price action as investors navigate uncertain water. The recent breakout of the token from a phase of integration shows stability amid greater volatility in the market, with support levels that make up $ 3.29- $ 3.30 after previously acting as resistance. Meanwhile, advances in SUI Network’s technology have continued to attract attention, with its focus on the scalability and the web3 positioning its positioning uniquely within the blockchain ecosystem.
Technical analysis
- SUI showed a noticeable 5.2% of volatility ($ 0.17) within 24 hours.
- The main resistance established at $ 3.37- $ 3.39 backed by more than average volume of 14.6 million.
- Support levels generated at $ 3.29- $ 3.30, which previously acted as a resistance before it breaks down.
- Price action suggests the completion of the accumulation phase with higher lows forming a bullish structure.
- The token removed some of its acquisitions during the morning morning, trading at $ 3.30 at the time of press.
Divinity: The parts of this article were formed with the help from the AI tools and our editorial team reviewed to ensure accuracy and compliance with our standards. For more information, see CoinDesk whole You have a polycy.
