Suis Price slowly forms a bull and a golden cross, pointing to a strong escape while its funding rate becomes positive and decentralized financial assets.
Su (Sui) Token was negotiated at $ 3.40 on Saturday, up 94% compared to its highest level in April this year.
Tiere data show that SUA has become one of the fastest players in the cryptography industry this year. The amount of assets locked in its decentralized exchange network has jumped by 40% in the last 30 days, to 2.45 billion dollars.
This growth has made it the 9th largest blockchain in industry, larger than popular networks such as Avalanche (AVAX), Polygon (POL) and Cardano.
Additional data shows that the market capitalization of the Stablecoin de Suis increased to 897 million dollars, which means that it could soon cross the phase of a billion dollars. The number of stablescoins in a blockchain network is a positive sign because it shows that users actively interact with it.
Other data reveal that the Dex protocols on blockchain follow more traction among users. Their total volume of transactions amounted to more than $ 2.9 billion in the last seven days and $ 11.2 billion in the previous 30 days. Cetus, Momentum and Bluefin led the market share in this area.
Meanwhile, the eight -hour financing rate has become positive and points up, noting that the price of a perpetual contract is higher than the spot. It is a bullish sign because he points out that more traders bet on the increase in prices.
SU PRICE Analysis
The daily graphic shows that Suis Coin has jumped in recent weeks, going from a hollow of $ 1,7290 on April 7 to $ 3.4 today. It slowly forms a bull’s shift model, a sign of popular continuation.
Suit Token also forms a cross motif of gold, which occurs when the 50 days and 200 days mobile averages are about to cross.
Therefore, the room will probably have a strong increased escape. The following objective to watch is $ 5.395, its summit of all time, or about 60% above the current level.
