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Is SUI set to soar ? 🤔
SUI network is a newer L1 blockchain that has been garnering more attention recently. Blazing fast, with low fees , SUI incorporates MOVE programming language, enhancing security and productivity.
I’m bullish and accumulating ! I don’t claim to know technical analysis, which is why I leave the analysis to someone else. 😁
Despite a recent dip of 11.37% over the past week, SUI has shown impressive growth, gaining 18.91% in the last month and surging 382.74% over six months. Trading between $3.56 and $5.02, the price sits near its moving averages, indicating consolidation. The Relative Strength Index is at 42.34, suggesting the coin isn’t overbought. A low stochastic of 24.09 points to potential upward momentum.
The nearest resistance level is $5.72; breaking this could propel SUI toward $7.18. This represents a significant upside. With an anticipated altcoin season and a global crypto bull run, SUI might be poised for substantial gains ahead.
Source : cryptodotnews 9 replies
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