š„ $SUI Highlight: Strong Technical and Fundamental Signals! š§
In April, $SUI surged 58%, breaking the resistance at $3.50 and now trading around $3.42. A "golden cross" is forming: the 50-day moving average is about to cross above the 200-day moving average, indicating bullish momentum.
š Technical Analysis: - Current resistance at an important Fibonacci level. - Possible consolidation phase before new gains. - Strong support in the range of $2.70ā$2.40.
š” Solid Fundamentals: - Integration with sBTC (Stacks), connecting #Ethereum and #Bitcoin. - Innovations like Zero-Knowledge Login and Sponsored Transactions for a better user experience.
š Impressive On-Chain Metrics: - 95.5M+ active accounts - 9B+ transactions - 297K TPS & latency of ~400ms - Open Interest in futures jumped from $700M to $1.42B in a week!
š Market Data: - Market Cap: $11.56B - Circulating Supply: 3.25B SUI - Current Price: $3.42
All of this = $SUI on the rise!
If the momentum continues, $SUI could become one of the most talked-about projects in the market.
š What do you think about the Sui Network? Comment below! š
š Technical Analysis: Bitcoin Breaks Important Resistance
Bitcoin ($BTC) has just made a significant move in the market!
What happened: - Breakout from a crucial resistance zone - Ongoing pullback to retest the broken level - Classic technical pattern of "resistance turning into support"
Current scenario: ā What was a ceiling may become a floor ā Decisive moment for the continuation of the uptrend ā Support needs to be maintained to confirm the movement #BTC #bitcoin #BTCš„š„š„š„š„