$SUI
🚨SUI Price Tightens Under $4.12 Resistance🚨
Additionally, the chart from Gerlaenco pointed to the $4.12 level as the last resistance before the price began to rise. He noted that volatility had gone down and that a base of highs was forming under resistance. SUI price previously rejected this level but has since formed a base above $3.20.
If $4.12 breaks, the next important zone could be around $7.00–$8.00. Volume has slowed, a typical characteristic before range expansion. When price is consolidated within narrow candles, traders expect that markets may become more active.
Furthermore, Gerlaenco highlighted the region between $4.12 and the current price as a “clean zone” with little historical resistance, so price movement could be rapid. In the following 48–72 hours, emerging trends may decide where the price will head, and investors’ risks are clear for both bulls and bears.
Meanwhile, at press time, SUI price traded at $3.2, reflecting a 3% decline over the past 24 hours. The daily trading volume was $694 million, representing a 9% decrease from the previous day. With a circulating supply of 3.39 billion tokens, SUI held a market capitalization of $10.93 billion.