Daily Market Review: $SUI , $FTM - BlockchainReporter Analysis

Sui, $SUI, is among the gainers in today’s session as seen from its price movements. Looking at an in-depth analysis, we see that Sui has recently moved above the Ichimoku cloud, indicating potential bullish momentum. The cloud below provides support around $1.0734, and if the price remains above the cloud, it may continue the upward trajectory.

On the flip side, we see that the MFI is at 60.27, suggesting healthy buying pressure. It’s not in overbought territory yet, so the upward momentum might continue, but traders will watch for a move above 80, which could signal overbought conditions. Sui traded at $1.11 as of press time, representing a 4.89% increase over the last 24 hours.

Fantom, $FTM, is among the gainers in today’s session as seen from its price movements. Looking at an in-depth analysis, we see that the Supertrend indicator and the Average Directional Index (ADX). The Supertrend line is showing a bullish signal as the price trades above it (green zone). However, the recent pullback toward $0.4727 suggests that this level will be an important support zone. A break below it could turn the trend bearish. On the other hand, we see that the ADX is at 24.71, which indicates a trend is present, but it’s not very strong yet. If the ADX rises above 25, the strength of the current trend could increase, whether bullish or bearish. Fantom traded at $0.5115 as of press time, representing a 4.24% increase over the last 24 hours.