Altcoin, which gained close to 75 percent in the last month Sui (SUI) has exceeded $ 4 for the first time since February. Altcoin, supported by internal data and technical indicators that reach record levels, increases the expectation of all -time (AC) of all time (AC) of $ 5.30 in the quarter. Phantom Wallet integration, moves such as the Axalar Bridge, and the Sui Odyssey event in Vietnam reinforces Altcoin’s rise trend.
Water Price Analysis: Is a new record possible?
The water rose to $ 4.20 by capturing a 140 percent leap since the bottom level of $ 1.73 on April 13. Especially on April 23, the acceleration of the $ 2.80-3,10 range altcoin Currently, it is consolidated between $ 3.85-4,15. This area coincides with the resistance levels in January 2024, and if strong purchases continue, closing above $ 4.35 is critical to target ACT of $ 5.30.
When we look at technical indicators, 20 EMA (about $ 3.58) provides dynamic support, while the RSI indicator is 68.2 indicates that the rise may continue. However, the $ 3,10-3,20 band stands out as an important support area for possible decreases.
Ecosystem data promises hope
The total value of assets in the water network (TVL) rose to $ 2.18 billion in mid -May, while at the beginning of April. On the network stablecoin The market value of the supply approached 919 million dollars with an increase of 39.5 percent. If this figure exceeds $ 1 billion, the price is expected to exceed $ 4.50.
The volume of the Network without decentralization (Dex) broke a record on April 23 with $ 782 million and reached $ 3.98 billion per week in May. The open interest rate in the futures increases to the highest level of the year with $ 1.86 billion, while the daily active wallet number is over 1.5 million. The current data flow for Sui reveals that user participation and liquidity continues to increase.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
