With a 2.66% pullback in the past 24 hours, SUI has lost its supremacy over the $2 mental mark. Currently, the SUI rate is trading at $1.92 with a market cap of $5.30 billion.
Will the pullback in SUI outcome in an extreme correction, or will the next assistance fireup the $2 breakout rally? Check out our rate analysis and a reflection on the SUI network to discover the breakout opportunities.
SUI Price Analysis
In the day-to-day chart, the SUI token exposes a rounding bottom turnaround, reaching the neckline at $2.07. However, the greater cost rejection near the neckline results in an night star pattern, beginning with the 1.51% drop theotherday.
Tradingview
The 50-day, 100-day, and 200-day EMA preserve a favorable pattern in a bullish positioning, heading greater to offer vibrant assistance. Meanwhile, the MACD and signal lines take a sideways shift and stay unpredictable.
SUI Network Health
Despite the small intraday pullback in SUI rate, SUIscan exposes an general healthy network activity. The overall deal obstructs haveactually increased by 28.55 million in the past 24 hours and presently stand at 2.21 billion obstructs.
Meanwhile, the overall deals in the past 24 hours haveactually increased by 61.185 million, striking 5.362 billion deals.
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