SUI Price Holds at $0.93 Support as New ETFs Launch
- Price Volatility Analysis: SUI is currently trading at $0.9364, down 3.3% in the last 24 hours, with a weekly price range of $0.8991 to $1.04, indicating a weak market trend and a 40% decline over the past 30 days.
- ETF Market Dynamics: Two spot ETFs linked to SUI were launched by Canary Capital Group and Grayscale Investments on Nasdaq and NYSE Arca, respectively, with the former offering a 0.35% annual management fee waived for the first three months to attract investor participation in SUI staking rewards.
- Derivatives Market Performance: According to CoinGlass data, SUI's futures volume rose by 5% to $616.58 million, while open interest fell by 2.93% to $493 million, indicating increased short-term trading activity among market participants but a lack of strong market conviction.
- Technical Indicator Analysis: The SUI price has repeatedly tested the $0.93 to $0.90 support zone, and if this level holds, short-term downward pressure may ease; however, the relative strength index remains below the 20-day moving average, indicating that the market is still in a weak state.
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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 3 technical signals, shows that 0 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 | 0.693 | 0.784 | 0.868 | 0.959 | 1.043 | 1.134 | 1.218 |
| Fibonacci | 0.784 | 0.851 | 0.892 | 0.959 | 1.026 | 1.067 | 1.134 |
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