Sui -prize is slowly forming a bullish flag and a Golden Cross, pointing to a strong outbreak as the financing percentage becomes positive and decentralized financial assets jumps.
Sui (sui) token traded on Saturday at $ 3.40, an increase of 94% compared to the highest level in April of this year.
Data from third parties shows that SUI has become one of the fastest growing players in the crypto industry this year. The quantity Assets locked In his decentralized exchange network, 40% have risen by 40% to $ 2.45 billion.
This growth has made it the 9th largest blockchain in the industry, larger than popular networks such as Avalanche (Avax), Polygon (Pol) and Cardano.
Further data show that SUI’s Stablecoin market capitalization has risen to $ 897 million, which means that it will soon be able to exceed the milestone of $ 1 billion. The number of stablecoins in a blockchain network is a positive sign because it shows that users handle it actively.
Further data show that Dex protocols on the Sui Blockchain see more traction among users. Their total transaction volume has been more than $ 2.9 billion and $ 11.2 billion in the last 30 days in the last seven days. Cetus, Momentum and Bluefin led the market share in this.
In the meantime, the eight -hour financing percentage has become positive and points upwards, indicating that the price of a perpetual contract is higher than the place. It is a bullish sign because it indicates that more traders bet on the price increase.
Sui -price analysis
The daily graph shows that Sui Coin has risen in recent weeks, which today went on April 7 from $ 1,7290 on April 7 to $ 3.4. It slowly forms a bullish flag pattern, a popular continuation sign.
Sui token also forms a golden intersection pattern, which happens when the 50-day and 200 days of moving averages are about to cross each other.
That is why the coin will probably have a strong bullish breakout. The next goal to view is $ 5,395, are all time, which is around 60% above the current level.
