- SUA has trouble keeping gains as prices on the cryptography market weaken after Wednesday’s rally.
- The recovery of suis can be attributed to significant improvements in the network defi ecosystem.
- The volume of Dexs sur Sui has climbed 38.51% in the last week to $ 2.77 billion, with $ 806 million recorded in the past 24 hours.
The price of Su follow reached $ 2.97 at the time of writing the time of writing the game, defying a wider lower feeling on the cryptocurrency market. The layer of layer 1 seeks to extend the gains over the intra-day summit of $ 3.12, supported by growing interest in the network of decentralized funding (DEFI).
The volume of followed of $ 2.77 billion, while DEFI TVL is skyrocketing
Follow as a strong competitor among the blockchains of layer 1 in the cryptographic industry. According to Defillama, the total locked value (TVL), which represents the total sum of all parts held in smart contracts in all chain protocols, increased by 9.64% to reach $ 1.595 billion.
The market capitalization of the stable of the protocol increased 7.81% in the last seven days, reaching 865.2 million dollars. The USDC is the most dominant stablecoin, with a market share of 71.64%.
The volume of negotiation on the decentralized SUP scholarships (DEX) jumped 38.51% in last week to around 2.77 billion dollars, depicting Su follow as one of the strongest artists in space. The volume of the Dexs in the last 24 hours was $ 806.16 million, as the graph below points out.
SUP DATA | Source: Defillama
Suis Price seeks to recover support at $ 3
The price of suis Plane at $ 2.98, following a reduced above the downward trend line. The relative force (RSI) near the exaggerated territory at 69.26 strengthens a growing bullish momentum.
A daily fence greater than $ 3.00 would affirm the strong presence of bulls on the market, which potentially cultivates gains while looking at the next key resistance at $ 3.58, tested for the last time in February.
Daily SUI / USDT graphics
The position of the RSI indicator near the excessive area could point out a potential reversal in future sessions. Consequently, it would be prudent for merchants to monitor the direction of the indicator, with a downward movement interpreted as a lower basis for the price of suis.
Short -term support should be around $ 2.75, a confluence formed by the exponential mobile average of 100 days (EMA) and the 200 -day EMA. Beyond this level, the next area of importance could be the EMA of 50 days at $ 2.46.
