information

Sui (SUI) has destroyed the market: It can make its mark on the bulls!🚀🚀

The star candidate of the bull season, SUI, has increased its market cap by 60 percent to $8.7 billion in 7 days.

It was observed that the price of $SUI has increased by 32.4 percent in the last 24 months and by 60 percent in the last week. This increase has brought SUI into the top 15 most valuable cryptocurrencies. On the other hand, the Scallop (SCA) lending protocol in the Sui ecosystem has also gained upward momentum, increasing by 87 percent in the last week and recording a 25.3 percent growth in total value.

Factors Affecting #SUI’s Rally The rise in SUI prices also indicates that the increase in trading volume is paralleled by the increase in progress and the increase in the number of investors. SUI’s trading volume has increased by over 250 percent in the last 24 hours, indicating intense activity and continued durable performance. Analysts attribute this price increase to the onchain system and favorable market conditions.

The upward performance in the MACD analysis on the daily chart supports one of the technical indicators. The MACD line is at 0.0211, surpassing the signal line, while the signal line is at -0.0027. The data in question shows positive momentum. The positive appearance of the green bars seen in the histogram on the rising view and the gap opening between the MACD line and the signal line indicate increasing buying pressure and the continuation of the uptrend.

In addition, the Bull Bear Power (BBP) analysis shows that the market is bullish and has a positive value around 1.2590. This positive reading shows that the power you have acquired has overcome the pressure from the sellers and that the bulls are dominant in the market. #MarketDownturn #TopCoinsSeptember $BTC

like comment and share for more information 🙏🙏🙏🙏🙏🙏