💹 Current price performance
- Current price: $SUI
- $3.44 .
- 24-hour change: +0.3%, trading between $3.32 (strong support) and $3.46 (immediate resistance).
- Monthly performance:
- Increased by +14.6% over 30 days, and up +18.7% over 7 days.
- Annual comparison:
- Price has risen +358.2% since July 2024, surpassing the historical low of $0.3648.
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📈 Technical analysis and indicators
1. Moving averages:
- 50 days (SMA 50): $3.09, with a strong 'buy' signal.
- 200 days (SMA 200): $2.69, confirming the upward trend.
- Golden cross: SMA 50 above SMA 200, reinforcing positive momentum.
2. Momentum indicators:
- RSI (14): at 61.79 (neutral), without entering the overbought area (>70).
- Volatility: General 'neutral' signal, with a balance between selling and buying forces.
3. Support and resistance levels:
- Strong support: $3.32 (24-hour low).
- Immediate resistance: $3.46, with a short-term target at $3.55 (weekly high).
- Potential breakout: Breaking $3.30 may trigger a rise towards $6.00.
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📌 Investment summary
- Opportunities:
- The technical environment is positive with strong support at $3.32 and buy signals from the moving averages.
- Strong fundamental growth (TVL, stablecoins) supports the long-term upward trend.
- Recommendations:
- Short-term traders: Monitoring the breakout of $3.46 to enter buy positions.
- Long-term investors: Accumulating at $3.32-$3.40 in preparation for a potential rise to $6.00.
