š According to CoinEdition: $SUI and $JUP Price Analysis
For Sui (SUI), current trading patterns indicate a period of consolidation, with the price hovering around the 50-day Exponential Moving Average (EMA) mark. This range-bound movement reflects a phase of neutrality among investors, with technical indicators hinting at a possible retracement.Ā
The market cap of SUI stands at $2,077,688,701, with a noticeable intraday gain suggesting a mixed sentiment in the market. A critical factor for SUIās potential surge to the $2 mark would involve a shift in investor sentiment from neutral to distinctly positive, alongside an increase in trading volume, which has seen a 29% decline in the last 24 hours to $670,471,457. However, at press time, SUI was exchanging hands at $1.69, a 9.58% surge from the intra-day low despite failing to breach the intra-day high of $1.744.
Jupiter (JUP), on the other hand, has demonstrated impressive resilience and growth, with a notable 175% surge over the past month, as per Coinstats data. Despite the broader marketās volatility, JUPās price increase to $1.49 despite a bearish rally in the early hours showcases the assetās strong market performance and investor confidence.Ā
The tokenās market cap has reached $1,886,233,414, positioning it as a significant player in the cryptocurrency arena. For JUP to achieve the $2 target, maintaining its current momentum and flipping the $1.50 resistance into support while further expanding its market presence will be crucial.
At press time, the bullish momentum in the JUP market was still at play, with the price up 2.50% and trading at $1.38.
