📊 Market Summary
• Current price: $3.54 USD
• 24h volatility: Up 0.10%
• 24h trading volume: $1.53 billion USD
• Market capitalization: $11.49 billion USD
• Daily price range: $3.37 – $3.64
📰 Major News
• Collaboration with Cboe: Canary Capital has filed with the U.S. Securities and Exchange Commission (SEC) through the Cboe BZX Exchange to launch an exchange-traded fund (ETF) tracking the SUI index.
• Strong growth: In the past week, SUI has increased nearly 70% and broken through the 108-day resistance level, indicating strong upward momentum.
• Price forecast: Experts predict SUI could reach $8.9 after a strong recovery.
📈 Technical Analysis
• Important support: $3.37
• Strong resistance: $3.64
• RSI: 65 – The market is trending upward, but attention is needed on recent resistance levels.
⚠️ Risks to consider
• Resistance at $3.64: If this level cannot be surpassed, SUI may adjust to the support level of $3.37.
• Market volatility: Macroeconomic factors and news from partner platforms could impact SUI's price in the short term.
💼 24h Futures Strategy
• Proposed position: Long (buy)
• Profit target: $3.64
• Stop-loss: $3.37
• Trading volume: 10% of accounts
🧠 Conclusion
Sui (SUI) is maintaining a strong upward trend and may continue to rise if it surpasses the resistance level of $3.64. With developments in partnerships and positive forecasts from experts, SUI could reach a target of $8.9 in the short term. A Long strategy with a target of $3.64 and a stop loss at $3.37 is reasonable within the next 24 hours.
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