Is SUI Token Price Looking For A Revival?
SUI has a market cap of $1.71 Billion and is ranked 61st in the CMC. The current volume-to-market cap ratio for the asset price suggests a consolidation in the trend. It is currently trading near the value of $1.33, with a drop of 2.45% in the intraday session.
The asset price has recently given a breakdown below the upside parallel channel. If this trend continues, then the next support price for the asset can be observed to be near the value of $1.02. Meanwhile, the resistance for the asset price can be near $1.6.
SUI token price is trading below the 50 and 100 EMA with a negative crossover in the past. They can also act as resistance in case of an uptrend.
The RSI of the asset price is at 43, with no slope in it, hinting towards a bearish trend in the price. Meanwhile, the MACD suggests a weak bullish momentum in the near future.
The asset price has recently given a breakdown below the upside parallel channel. If this trend continues, then the next support price for the asset can be observed to be near the value of $1.02. Meanwhile, the resistance for the asset price can be near $1.6.
SUI token price is trading below the 50 and 100 EMA with a negative crossover in the past. They can also act as resistance in case of an uptrend.
The RSI of the asset price is at 43, with no slope in it, hinting towards a bearish trend in the price. Meanwhile, the MACD suggests a weak bullish momentum in the near future.
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