SUI gains 115% in September backed by ecosystem growth
SUI's Performance: SUI surged 115% in September, reaching a five-month high with a trading price of $1.77 and a market cap exceeding $4.925 billion, driven by increased user interest, significant growth in decentralized applications (dApps), and strategic moves into blockchain gaming.
Market Dynamics: The altcoin's bullish momentum is supported by Grayscale's opening of its Sui Trust to accredited investors, integration of USDC, and potential risks from upcoming token unlocks that could lead to selling pressure, despite strong technical indicators suggesting further short-term gains.
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Technical Analysis for SCA
Technical Sentiment Analysis for Scallop (SCA) As of , Scallop (SCA) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 10 technical signals, shows that 6 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for SCA 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 stock.
Support, Resistance & Moving Averages From a structural perspective, SCA 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 $-.
Scallop (SCA) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0236 | 0.0263 | 0.0285 | 0.0312 | 0.0334 | 0.0361 | 0.0383 |
| Fibonacci | 0.0263 | 0.0281 | 0.0293 | 0.0312 | 0.033 | 0.0342 | 0.0361 |
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