Cryptocurrency

Spot

Gains

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/emerging-cryptocurrency-sui-gains-attention-in-the-market/" data-wpel-link="internal">Emerging Cryptocurrency SUI Gains Attention in the Market</a> 
With its recent surge, SUI has become a notable cryptocurrency in the market. Overall, there is still a technical uptrend in the SUI market. At this stage, the key for investors inclined to follow the uptrend is to avoid equal highs and maintain a structure of higher highs (HHs) and higher lows (HLs). 
Analyst Skew also highlights this situation with an analysis of SUI. Let’s look at the details together. 
<h2 style="text-align: justify" id="sui-4-hour-chart-analysis">SUI 4-Hour Chart Analysis</h2> 
According to the analyst, the price is currently hovering around the monthly opening, which indicates a lack of a clearly defined trend. However, several key details stand out. 
<img loading="lazy" loading="lazy" decoding="async" class="wp-image-312171 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/02/saatlik-sui-cointurk.jpg" alt="" width="2451" height="1144"> 
On the 4-hour chart, the importance of maintaining momentum above key support levels, especially $1.5, is evident. Adherence to the 4-hour Exponential Moving Averages underscores the market’s resilience, while proximity to the weekly opening adds more weight to potential market movements. 
<img loading="lazy" loading="lazy" decoding="async" class="wp-image-312172 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/02/dort-saatlik-sui-cointurk.jpg" alt="" width="2449" height="1140"> 
Maintaining the structure and momentum above the $1.5 level and reaching higher peaks (HHs) has become very important for SUI. The 4-hour trend represented by the 4-hour Exponential Moving Averages (EMAs) is still respected. In addition, the weekly open is just above, providing a strong accumulation for continuation or potential trend invalidation. 
<h2 style="text-align: justify" id="latest-situation-on-the-binance-spot-market-for-sui">Latest Situation on the Binance Spot Market for SUI</h2> 
The SUI market on <a href="https://en.coin-turk.com/binance-announces-listing-of-six-new-crypto-currency-pairs-for-margin-trading/" data-wpel-link="internal">Binance</a> Spot is showing high volatility with market makers keeping the price range tight near the price point. Liquidity is likely to be evident in both directions. However, the nearest true liquidity from the current price is approximately 10% in both directions. According to the analyst, any movement beyond the 20% to 30% range will be considered an excessive change. 
<img loading="lazy" loading="lazy" decoding="async" class="wp-image-312173 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/02/binance-sui-cointurk.jpg" alt="" width="2181" height="1212"> 
In the dynamic world of cryptocurrency trading, analyzing market trends and understanding liquidity dynamics are essential for making informed decisions. When it comes to SUI, promising signs of an uptrend are emerging. 
As investors navigate the SUI market, adapting to technical indicators and liquidity dynamics can reveal opportunities and reduce risks. By closely monitoring trends and market structures, investors can position themselves advantageously in the constantly evolving environment of cryptocurrency trading. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/emerging-cryptocurrency-sui-gains-attention-in-the-market/" data-wpel-link="internal">Emerging Cryptocurrency SUI Gains Attention in the Market</a></h5>

Emerging Cryptocurrency SUI Gains Attention in the Market

목차

COINTURK NEWS

2024년 2월 7일에 게재된 다른 기사

Pandoshi (PAMBO) To Perform Better Than Polkadot (DOT)

ADGM Announces Partnership with Solana Foundation Following IOTA

XRP Price On The Brink: This 10-Year Trendline Could Lead To A 4000% Surge

TRON poised to lead stablecoin payments and RWA tokenization: Report

Palworld Faces Allegations of Intellectual Property Infringement

XRP Prepares for a Potential Price Surge

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!