- $ 39.98 million in Sui flowed in stock exchanges, which expressed concern about a possible sale of holders in the long term.
- Traders are used too much between $ 3.71- $ 4.15, indicating a high risk and conviction on both sides of the market.
Sky [SUI] Significant attention from traders and investors came after a rally of 10% in the last 24 hours.
Market sentiment about the crypto space seems optimistic, with large assets such as Bitcoin [BTC] and Ethereum [ETH] The wider market influences their strong performance.
$ 40 million in sui -intake, selloff -signal?
According to Coinglass, exchanges registered within 24 hours for $ 39.98 million in sui -inflow, during the highlight of the rally.
Source: Coinglass
Such an intake of assets during an upward rally may indicate sales pressure of long -term holders.
Because the sentiment bullish has become, there is a strong possibility that the sui coin may not experience a disadvantage momentum.
In addition to the participation of long -term holders, traders also bet heavily on the bullish side.
Traders focused on a lower limit at $ 3,7111 and an upper limit at $ 4.15.
Traders seem to be considerably livered at these levels, with $ 80 million in long positions and $ 30 million in short positions.
Based on the activity of traders, it seems that the bulls currently have control and believe that the SUI coin price will not fall below the level of $ 3.71.
Source: Coinglass
Sui -price promotion and technical analysis
According to the technical analysis of Ambcrypto, Sui Bullish seems to be ready to continue his upward momentum.
The four -hour graph reveals that Sui has been broken from a long -term consolidation phase that had formed near the most important resistance level of $ 3.80.
After the outbreak, the Active has successfully re -tested this level and continued its upward movement.
Source: TradingView
If the price has this level, it can collect 40% to $ 5.65.
This setup remains valid as long as Sui remains above $ 3.80. Each breakdown can make the breakout structure invalid.
With the remarkable rise in the asset price, Sui’s Relative Strength Index (RSI) reached the 75 level, which indicates that it is in the overbough area. This suggests a potential price correction until the RSI value falls below 70.