SUI Breakout Surpasses Key Resistance with Nearly 47% Volume Surge
- Volume Surge: SUI's trading volume surged nearly 47% as it broke through key resistance, indicating strong market interest in its ecosystem developments and pushing its market cap to approximately $3.24 billion.
- Ecosystem Development: The launch of xMoney's Mastercard Passkey integration supports tokenized payment functionality on blockchain infrastructure, showcasing SUI's innovative capabilities in the payments sector and enhancing user payment experiences.
- Privacy Feature Expansion: The introduction of Confidential Transfers Beta broadens transaction options for users, highlighting the significance of privacy features in blockchain development, which may attract more user participation.
- Improved Market Performance: SUI's trading price reached $0.8046 post-breakout, with a weekly gain of 6.69%, reflecting market confidence in its future performance, especially after a consolidation period, with the current price structure indicating bullish signals.
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Technical Analysis for DEFI
Technical Sentiment Analysis for DeFi (DEFI). As of , DeFi (DEFI) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 3 indicators are flashing buy, while 2 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for DEFI 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, DEFI 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 $-.
DeFi (DEFI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0000758 | 0.000115 | 0.00016 | 0.000199 | 0.000244 | 0.000283 | 0.000329 |
| Fibonacci | 0.000115 | 0.000147 | 0.000167 | 0.000199 | 0.000231 | 0.000251 | 0.000283 |
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