Current Trend
The SUI coin is currently experiencing interesting price movements, having risen by 12% over the past two days, reflecting a notable recovery in investor confidence. The current price is hovering around $3.22 after fluctuating between $3.18 and $3.26 in recent hours.
Events Affecting Price
Restart of the Ce,tus platform
- Major Event: The Ce,tus platform resumed operations on the SUI network on June 8 after suffering an attack that resulted in losses of $220 million
- Positive Impact: The platform successfully recovered $162 million of stolen funds
- Compensation Plan: Allocation of 15% of the total CETUS tokens for compensation, with the possibility of recovering 85-99% of the affected liquidity
Activities of other SUI projects
- Launch of Turbos_Finance for liquidity mining activities with rewards up to 200,000 TURBOS tokens
- Launch of Nemo_Protocol (the original interest rate protocol in the SUI system) for public testing with high returns of up to 58.1% for users
Technical Indicators
- Strong Support: A strong support level is evident around $3.18-$3.20
- Resistance: The coin faces resistance at the $3.26-$3.28 level
- Trading Volume: A notable increase in trading volumes during bullish periods, indicating buyer interest
Outlook
If the current positive trend continues, the SUI coin may move towards the $3.48 level, which could trigger the liquidation of short positions worth $96 million according to market data. However, price stability above the $3.25 level must be monitored first to confirm the continuation of the upward trend.
The recovery of the Ce,tus platform and its return to operation represents a positive factor for the entire SUI system, enhancing confidence in the ability of projects to effectively handle and recover from security challenges.
The information mentioned above has been researched and summarized through personal effort and does not constitute investment advice.
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