Main Takeways:-
- Around $ 39.98 million in SUI transferred to exchanges, indicating a potential change in the feeling between long -term holders.
- Merchants are leveraged excessively between $ 3.71 and $ 4.15, indicating a strong feeling and a high risk of bulls and bears.
$ 40 million in sui hits exchanges – Concern time?
The exchanges noticed a value of $ 39.98 million of Sui tickets in the last 24 hours, at the peak of the increase, according to Coinglass reports.
A large number of assets that enter during a market increase could mean that long -term holders are beginning to sell. As the perspective of investors has changed to optimism, there is a great possibility that the sui currency does not face a downward trend.
In addition, the commitment of long -term holders and merchants is also making significant bets on the rise. The operators pointed to a support level at $ 3,7111 and a resistance level at $ 4.15.
At these levels, operations seem to have excessive leverage, with a value of $ 80 million long positions and a value of $ 30 million of accumulated short positions. According to the activity of the merchants, it seems that buyers currently have control and trust that the price of the sui currency will not fall below the $ 3.71 zone.
Sui Technical Analysis: Action and Trends of the Deleting Price
Sui indicates a positive impulse and is ready to extend its ascending trend, according to the technical analysis of Ambcrypto.
The four -hour pattern shows that Sui has escaped a prolonged period of consolidation that had created near the key resistance zone of $ 3.80. After the rupture, the asset tested this level again and continued advancing.
If the price has this level, it could increase 40% to $ 5.65. This pattern is still confirmed that Sui remains above $ 3.80. Any fall could then cancel the rupture pattern.
With the great leap in the price of the asset, the SUI relative force index (RSI) reached 75, showing that it is overwhelmed. This could mean a price drop until the RSI falls below 70.
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Discharge of responsibility: In Bitcoinik.com we present the most recent information in the encryption market. However, this information should not be considered as financial advice, and viewers must consult their financial advisors before investing.
