- An increase in active addresses reflects increasing adoption and demand.
- Suis decreased by 23.71% in the last 30 days.
Since he reached a local summit of $ 4.3 three weeks ago, SUP (SUI) has experienced high drop. In fact, to date, SU was negotiated at $ 3.35 after decreasing 0.42% on daily cards.
Likewise, Altcoin has dropped on weekly and monthly graphics, diving 1.14% and 23.71% respectively.
However, despite the Difficulties of SUP, the fundamentals of Altcoin have increased.
The daily active active addresses of suit reach a level of 3 months
During the last month, Sui saw the overvoltage of daily active addresses to reach recent heights. As such, daily active addresses have reached 1.4 million for the first time since November 2024.
A high increase in active users reflects growing adoption and the demand for suis.
Source: Artemis
This growing adoption is also highlighted by the growing number of new / returned users.
According to Artemis Data, SU has seen new portfolios Serge hit 1.1 million for the first time in October 2024 daily where he reached 1.4 million.
In addition, the number of return portfolios remained solid to settle at 346.6k. This shows that Suis is experiencing strong organic demand.
Source: Artemis
Usually, overvoltage of active users has been considered a bullish signal because it suggests a higher activity and network commitment.
Historically, an increase in active addresses precedes the assessment of prices as demand increases. Therefore, can the growing number of users increase to recover higher resistance levels?
Can this growing demand increase prices?
According to Ambcrypto’s analysis, Suis currently sees buyers reinstate the market after a dormant period.
Source: Messari
For example, the volume of purchase of Sui exceeded the sales volume of 2.2 million, the volume of purchase reaching 8.64 million, while the sales volume was 6.44 million.
Such a high purchase volume suggests that buyers are actively trying to resume the sellers market, reflecting strong bullish feelings.
Source: Coringlass
This optimization is also highlighted by the flow of the increasing exchange. As such, Spot Netflow has dropped by -1.84 million, which suggests that there is more flow of exchanges that asserts.
When outing hikes suggests that investors accumulate assets while moving away from exchanges to cold wallets or private storage.
Source: Coanyze
Finally, the SUP financing rate has remained permanently positive in the last three days. This suggests that longs are optimistic and expect prices to recover, so they are ready to pay bonus costs to occupy their positions.
As such, long positions are in high demand and prices could increase if cash demand also increased.
In simple terms, increasing active addresses are a sign of hope for Su Suis, which has struggled to keep momentum upwards.
If the growing demand is valid, we could see the prices recover and recover $ 3.6, which leave the descending trend line.
An escape from here will strengthen Altcoin to recover $ 4.0. However, with sellers still on the market, if buyers do not hold, it could return to $ 3.24 before another step.
