Sui (SUI) remains a focal point in the crypto market. Despite significant fluctuations over the past month, SUI is seeking stable resistance and support levels that will dictate its future movements.
SUI Key Statistics
The current price of Sui (SUI) is $3.35. It has a market cap of $10.3 billion, with a 24-hour trading volume of $1.21 billion. The circulating supply includes 3.09 billion SUI tokens out of a total supply of 10 billion, and the project holds the rank #12 on CoinMarketCap.
SUI/USD Market Analysis
The SUI/USD pair stands at $3.35 with a daily gain of 2.71%, attempting to reclaim lost ground within the lower boundary of the Keltner Channel. Immediate resistance is marked at $3.41, followed by $4.08 and $5.37. Continuation of the upward trend could reinforce buyer confidence. However, the MACD line remains below zero, indicating persistent bearish sentiment.
SUI Prospects and Leading Alternative
Sui struggles to break the key $5.37 level, leading to questions about its breakout capability. With market weakness evident, without additional positive elements like increasing trade volumes or ecosystem developments, a breakout may be challenging.
Tough market conditions are placing pressure on Sui (SUI), limiting upward price movement. However, developers continue to implement high-speed, low-cost infrastructure, leaving potential for long-term growth.
