Such climbs again, jumping more than 5% to exchange around $ 3.21. He broke the main key technical levels, showing the increase in investors’ confidence. Behind the move, strong DEFI growth, TVL approaching $ 2 billion. Barely a few weeks ago, it amounted to $ 1.54 billion. This increase shows that users lock the tokens instead of selling, which underlines the pressure on the price.
A key pilot is the integration of the TBTC supported by Bitcoin de Threshold. He added more than $ 500 million in Bitcoin liquidity to the SUP network. BTC -supported assets now represent 10% of SUT TVLs. Since February, nearly 600 BTCs have moved to SUI, increasing both liquidity and utility.
The derivative market supports the trend of Sui being one of the best cryptos to buy. Open interests increased by 14% to $ 1.45 billion. The volume increased by 74% to $ 5.43 billion. The shorts took the most of the blow, with $ 3.88 million in liquidations, while Longs has lost only $ 217,000. A long -standing ratio of 1.0288 shows that the market is optimistic.
The techniques are also solid. SU has recovered its EMA at $ 100 days at $ 3.07 and is above the EMA of 50 days and 200 days. The MacD overturned bullish on June 28 and continues to increase. Traders are now looking at the resistance levels of $ 3.50 and $ 4.00.
A break above could finish a double bullish background and send following higher. If the rally has broken down, $ 3.00 to $ 3.07 should provide solid support. For the moment, the bulls are controlling the momentum.
