Suis Bockchain has gained ground in recent weeks and its market capitalization is now approaching $ 7 billion. Fueled by the activity of the same and an increase in the DEFI engagement, the network has experienced a significant jump in the DEX volume and the technical momentum.
While indicators such as RSI and EMA lines show the first signs of a change in potential trend, overall resistance remains mixed. Suis is at a key crossroads – supported by short -term excitement but still needs a stronger confirmation to challenge high -level chains.
Sui goes to 5th in volume dex, but always drags the best channels
The recent increase in Dex de Suit’s activity has drawn attention, largely fueled by a growing interest in the same and speculative trade in its ecosystem. Over the past seven days, the SUP volume of SUT reached $ 2.1 billion, marking an increase of 4.49% and continuing its regular rise.
This momentum has helped to over -form other ecosystems, in particular by going beyond the arbitrum in the last 24 hours to become the fifth chain in volume Dex.
However, despite the short -term gains, followed still well behind high -level networks such as the base, the BNB, Ethereum and Solana chain in the total Dex activity.
These established ecosystems continue to dominate in terms of liquidity, user basis and global transaction volume.
Although the rise of Sui is remarkable, especially given its relatively new position in the DEFI ecosystem, it will have to support this growth and diversify beyond the media threshing of the memes piece to really challenge the main actors.
For the moment, there remains an exciting outsider with the momentum, but not yet a major competitor.
Sui momentum reconstructed, but the trend remains low
The SUR RSI is now at 51.86, against 35.22 barely three days ago. This suggests that the purchase of pressure has returned after a short -term drop, helping to stabilize prices.
The relative resistance index (RSI) measures the momentum on a scale of 0 to 100. Readings greater than 70 are considered to be surachatrical, while those less than 30 indicate occurrence conditions.
Sitting near the median point, the RSI of Suits towards a neutral impulse. He did not exceed 70 in almost a month, showing that the bullish force has remained limited.
Meanwhile, the DMI of SUP (Directional Movement Index) shows that its ADX fell 9 from 14.79 barely two days ago. The ADX measures the trend force and everything that is less than 20 points out a low or non -existent trend.
The + DI is 15.83 while the -Di is 13.15, which means that buyers have a light edge, but the weak ADX suggests that the edge is not strong. There is no clear trend that dominates the market right now.
Together, the RSI and the DMI suggest that SU is in the consolidation phase. Buyers show a certain activity, but not enough to build a strong and sustained trend – at least for the moment.
The configuration of the EMA is always down, but Suis Bulls shows signs of life
The EMA lines of sui always show a lower configuration, with short -term averages sitting below the long -term averages. However, the gap between them has shrunk and a potential golden cross can form.
A golden cross occurs when a short-term EMA crosses an EMA above one long-term, often considered as a bullish signal. If this takes place, SU could take momentum and push towards the level of resistance of $ 2.28.
The breakup above could open the way to $ 2.41 and $ 2.54. If the bullish momentum accumulates further, Suis Bockchain could even test the level of $ 2.83 – it has been the highest since early March.
But if the market does not hold the current levels and the sale of pressure yields, a correction could begin. In this case, it could fall to test the support of $ 2.02.
The loss of this support could bring more deeply, potentially pushing followed to $ 1.71. For the moment, the price action is at a critical point, with escape and breakdown scenarios on the table.
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