Sui
The Native token of the Sui Blockchain, rise slightly in the past 24 hours before falling intensely after macroeconomic factors that hit global markets during Japanese hours ..
The token Rose following the news filed by Nasdaq a 19B-4 form with the US Securities and Exchange Commission (SEC) to list the 21shares Sui Exchange-Traded Fund. It marked the second main step in the ETF approved process. The first, a draft statement on S-1 registration, was filed by 21shares in April.
If approved, it will be the first place in the SUI ETF listed in the United States, which offers traditional investors who control access to the native token of the SUI Blockchain.
Sui appeared to respond to the development, showing strength overnight as it broke the resistance level of $ 3.49 with support from significant trading volume, according to the technical review model of Coindesk Research. More than 13 million tokens changed hands during the breakout, which at the same time Nasdaq’s filing.
During the afternoon afternoon, Sui fell sharply and dropped nearly 1% at the time of the press. CoinDesk 20, which monitors the broader crypto market, is only slightly after afternoon.
Technical assessments
- Sui suffered a decisive breakout overnight above the $ 3.49 resistance level with a volume of more than 13 million, more than a 24 -hour average of 8.7 million.
- Despite minor pullbacks, the token found constant support around $ 3.45- $ 3.46.
- A high volume of climbing boosted bullish emotions, suggesting the potential continuation of the upward momentum.
- The level of $ 3.50 was established as a potential key resist zone following a temporary bullish momentum fatigue.
- Price action has generated a potential base of the $ 3.48- $ 3.48 range with a moderate amount of support for integration.
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.
