- Suis had different structures on daily and weekly graphics.
- The request for a token has remained weak and a gathering could be unlikely until it changes.
Sui (Suis) experienced a sharp increase in its daily trading volume, measuring an increase of 66%. The daily trading volume was $ 2.1 billion healthy dollars at the time of writing this document, at a time when SU has won 12.55% in the last 24 hours.
Source: sui / usdt on tradingView
Based on the rally towards the end of 2024, a set of Fibonacci trace levels was traced (yellow). The level of 78.6% was $ 2.43 and had been perfectly retested on June 22. He acted as support.
Combined with Bitcoin (BTC) rebounded from $ 101,000 to $ 106,000 on Monday, the SUD Recovery could be in progress.
However, it was too early to say. Over the time of one week, the A / D indicator made a series of lower tops in 2025, signaling persistent sales pressure. The CMF was at -0.08 and showed a considerable capital outlet.
The MFI remained optimistic despite the decline in last month. This alluded to reducing the sales volume, a trend confirmed by the weekly trading volume bars lower than the average.
The weekly market structure was optimistic after a structure rupture (cyan) in early May.
Is the graph of a day agree?
Source: sui / usdt on tradingView
The daily graphic has shown a downward structure for SU after dropping $ 3.12 during the first week of June.
The A / D indicator has tended to drop for a month, and the CMF was in neutral territory to reflect a lack of considerable capital flow on or out of the market. The MFI was 30.5 to have a drop.
There were two levels of key support at $ 2.08 (white) and $ 1.71 (green). The first level was a support from March / April, while the second scored the swing of the weekly graphic.
A fall less than $ 1.71 would move the weekly structure to a downward manner.
Based on the current trend, there was a chance that $ 2.08 can be retests. However, if Bitcoin can stay above the $ 100,000 support area and keep the feeling of the optimistic market, Suit could see increased demand.
The increase in purchase pressure and a reversal of the $ 3 level to support would be a strong signal that Altcoin has been set to join.
Notice of non-responsibility: The information presented does not constitute financial investments, exchanges or other types of advice and is only the opinion of the writer
