- The SUI crypto price has shown 16 green days in the last 30 days.
- The crypto has less than 12% of its total supply in circulation.
Sui, a decentralized Layer 1 blockchain, integrates the Move programming language for unparalleled composability. Created by Mysten Labs, it prioritizes minimal latency and scalability, directly storing digital assets on-chain. The SUI token powers gas fees, staking, and aligns incentives in the proof-of-stake system, distributed based on stake and contributions.
The derivatives trading volume for the SUI crypto has declined by 19.7% in the last 24 hours while the spot volume has declined by 29.2%. The open interest of the token has also declined by 7.9%.
The market cap of the crypto has further declined by 2.7% in the last 24 hours which results in $2.194B. Also, the market cap ranking of the crypto is #56 as per CoinMarketCap. The value of the traded volume for the crypto is $604.224M.
Furthermore, the volume/market cap ratio of the crypto is 27.45% which indicates very good liquidity in the crypto. Also, the volatility of the crypto is medium resulting in 4.85%.
The sentiment of the crypto is also bullish and the fear and greed index is indicating greed as it is at 75.
The current market cap of the dominance of the crypto is 0.09% and the circulating supply of the crypto is 1.23B SUI. Moreover, the maximum supply and the total supply of the crypto are the same resulting in a fully diluted market cap of $17.854B.
Sui Crypto Blockchain Data Overview
The total value locked and the stablecoin market cap of the crypto has been consistently advancing over the last few days. Despite this, there has been a decline witnessed in the core developers for the crypto.
As per DefiLlama, there are a total of 58 core developers for the crypto.
SUI Crypto Technical Analysis
The SUI crypto price is consistently following a bullish momentum followed by higher swings on the weekly chart. A doji candle was formed on the weekly chart a few days ago and the price further has broken above the last swing high of the crypto.
This behavior of the SUI crypto price indicates a strong uptrend in the crypto. The price of the crypto might further continue to advance to higher levels.
SUI/USD Chart by TradingView.com
The price of the SUI crypt is trading above the crucial EMAs such as the 20,50 and the 200-day EMA whereas the EMAs are also trading in a golden cross. The price is also trading above the EMAs on the daily chart.
The MACD and the signal line have formed a bullish crossover recently breaking above the zero level. The histograms formed on the chart are also bullish.
The RSI is also following a bullish cycle on the chart and is currently trading at a level of 58.39, crossing above the 14-day SMA.
Summary
SUI crypto displays a bullish trend with 16 green days in the last month. Despite declining derivatives and spot volumes, its market cap remains at $2.194B, ranking #56. With good liquidity and medium volatility, sentiment is bullish, supported by a strong uptrend, golden cross on EMAs, bullish MACD, and RSI.
Technical Levels:
- Support levels: $1.0500 and $1.1.2600
- Resistance levels: $2.400 and $3.00
Disclaimer
This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.