Are we nearing new record levels? 🚀
● Current price: $3.93
● Highest price today: $3.95
● Lowest price today: $3.24
● Change percentage over 24 hours: +19.82%
● Market capitalization: $13.13 billion
● Daily trading volume: $2.80 billion
● Global ranking: #11
● Total circulating supply: 3.34 billion SUI
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Quick analysis:
Next resistance: $4.20
Closest support: $3.50
Market movement: The currency is currently moving in an upward channel, and breaking above the $4.20 level could drive it further up.
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✅️ What’s happening?
A general rise in the market after Bitcoin surpassed the $100,000 barrier for the first time, supporting most altcoins.
Huge trading volume indicates unusual interest from investors and institutions.
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⚠️ Potential risks:
Likelihood of a sudden profit-taking after this strong rise.
The high correlation with Bitcoin makes any market downturn directly impactful.
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✅️ Summary:
The SUI coin showed remarkable performance today, which could be the start of a larger move, but always monitor the market and avoid buying at the top. Technical analysis indicates positive momentum but with caution.
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