SUIpriceisshowingsignsofrecoveryastheindicatorsbegintoimprove.Thecoinisupalmost20%inthelast24hours,butnewgainscouldhappensoon.DespitetheTVLstillbeingbelow$1billion,recentinflowsindicaterenewedinterestandengagementfromusers.
TheBBTrendalsosuggestsapotentialshiftfrombearishtobullish,reflectingweakeningdownwardpressure.Additionally,EMAlineshintatanupcoming“goldencross,”apositivesignalforfurtherupwardmovement.
SUITVLIsStillBelow$1Billion
SUI’sTotal-ValueLocked(TVL)hasreached$970million,amajorincreasefrom$313milliononAugust4.
TrackingTVLisessentialforunderstandingthehealthofablockchainecosystem.AhigherTVLoftenindicatesgreateradoption,userengagement,andliquidity.SUI’sTVLhitarecord$1.1billiononOctober13andstayedabove$1billionuntilOctober22.
SUITVL.Source:DeFiLlama
Despitenowbeingbelow$1billion,SUI’sTVLjumpedbynearly$100millioninasingleday,indicatingrenewedmarketinterest.Suchfluctuationsshowthatusersarestillactivelyinteractingwiththeplatform,withsubstantialinflowsthatsuggestconfidenceinSUI’sgrowthpotential.
SUIBBTrendAppearstoBeRecovering
SUI’sBBTrendiscurrentlyat-4.8.BBTrend,orBollingerBandTrend,measuresthestrengthanddirectionofapricetrendbasedonBollingerBands.
AnegativeBBTrendindicatesabearishphase,suggestingdownwardpressureonprice.Currently,SUI’scurrentlevelof-4.8showsthatitisstillinbearishterritory,butlesssothaninpreviousdays.
SUIBBTrend.Source:TradingView
SUI’sBBTrendhasbeennegativesinceOctober24,whenitwasaslowas-15.Althoughstillnegative,itappearstobegraduallyrecovering,decreasingfrom-15to-4.8overthepastfewdays.
ThisconsistentupwardmovementintheBBTrendindicatesaweakeningofbearishmomentumandpotentialtrendreversal.Therecoverysignalsgrowingstrength,hintingatapossibleshifttoabullishphaseassellerslosecontrolandbuyingintereststartstore-emerge.
SUIPricePrediction:CanItRise19.7%?
SUI’sEMAlinesshowtheshort-termEMAsarenearingacrossoverabovethelong-termEMAs.Thispotentialcrossoverisknownasa“goldencross,”whichistypicallyabullishsignal.
Itsuggeststhatshort-termmomentumisgainingstrength,andbuyerscouldbetakingcontrol,indicatinganupcominguptrend.
SUIEMALinesandSupportandResistance.Source:TradingView.
SUI’simmediateresistanceisat$2.16.Ifthislevelisbreached,thecoin’spricecouldcontinuerisingto$2.36,representingapotential19.7%gain.However,iftheuptrendfailstoestablish,SUImayfaceadowntrendandtestsupportlevelsat$1.74andpossibly$1.60.
Breakingbelowthesesupportlevelscouldleadtomorebearishpressure,soholdingabovethemiscrucialtomaintainingpositivemomentum.
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