$SUI analysis
SUI
Return of prices after volatility: 11% higher trading volume than the 30-day average.
The cryptocurrency SUI has exhibited severe volatility over the past 24 hours, experiencing an intraday change of nearly 7.3% in prices.
At the beginning of the day, the price of SUI dropped to $2.71, but later faced resistance at the $2.82 resistance level after a brief climb to $2.92.
Due to failing to cross this resistance level, the price has shown a tendency to close again near $2.78.
Meanwhile, there has also been an unusual increase in trading volume, which was 11% higher than the 30-day average, indicating greater interest and activity from investors in the market.
This increase in volume has led to severe price volatility, causing both buying and selling groups to face uncertainty.
According to the analytical model, due to the instability of prices at the resistance level of $2.82, investors have started to adopt a cautious stance.
On the other hand, the support level between $2.72 and $2.75 has provided stable resistance, and the price has returned to this range multiple times.
As a result, it is likely that trading activities may be somewhat limited and investors may enter a waiting state to assess short-term trends.
According to technical analysis, SUI has experienced volatility between $2.71 and $2.92 over a 24-hour period, where a decrease of 9.1% was seen around 8 AM.
Around 6 PM, the price increased by 1.5%, but this increase could not sustain for long, and the price again came back to the $2.78 level.
Overall, this session has reflected uncertainty and activity in the crypto market regarding the price of SUI, indicating that investors are adopting a cautious approach in short-term decisions ....
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