#sui Price Analysis:
SUI Key Statistics
Current Price: 4.77
Market Cap: $14 billion
Trading Volume (24 hours): $4.3 billion
Circulating Supply: 2.9 billion
Total Supply: 10 billion
CoinMarketCap Ranking: #14
Sui is currently 3.07% below its highest price in the past 30 days and 7 days, and has consolidated recently. However, overall performance is good, up 60.69% from the 30-day low and 20.96% from the 7-day low.
Key Levels
Resistance: 4.95, 5.00, 5.10
Support: 4.50, 4.20, 3.45
On the daily level, the bullish momentum is targeting the recent high of 4.95, which is an immediate resistance level. A successful breakthrough will look at 5.00, and further increase to 5.10, and the trend is currently being established.
On the downside, the key support level is 4.50, where it has recently rebounded, followed by 4.20, which coincides with the middle line of the Bollinger Band. Further retracements could return to 3.45, consistent with the historical consolidation area. The MACD indicator remains in bullish territory, and momentum favors the upside.
From a fundamental perspective, Sui's strong blockchain ecosystem continues to drive its value proposition. The platform's scalability and support for decentralized applications make it a competitor in the smart contract space. Recent collaborations with well-known DeFi projects have expanded its use cases, created new revenue streams and enhanced user adoption.
The above article is only for analysis and does not constitute investment advice. Please feel free to use it!