How Does Sui Network Achieve Record TVL?
Sui Network Achievements: Sui Network has surpassed a total value locked (TVL) of $1 billion, marking a historic peak and attracting significant investor interest in the cryptocurrency market.
Growth of Lending Platforms: NAVI Protocol and Scallop Lend have shown substantial weekly growth in TVL, with increases of 15.46% and 20.83% respectively, reflecting the expanding DeFi ecosystem and rising investor confidence in the Sui Network.
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Technical Analysis for SUI
Technical Sentiment Analysis for Sui (SUI). As of , Sui (SUI) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for SUI stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, SUI is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Sui (SUI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.622 | 0.724 | 0.822 | 0.924 | 1.022 | 1.124 | 1.222 |
| Fibonacci | 0.724 | 0.801 | 0.848 | 0.924 | 1 | 1.047 | 1.124 |
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