SUI BTC Sui Technical Analysis

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By Frans van Elst

Sui logo In this Sui technical analysis, we will examine the current price action, trading volume, key levels and indicators for SUI-BTC. Sui is a decentralized blockchain platform that enables developers to build scalable and interoperable applications. It utilizes a novel consensus algorithm called “Proof of Service” which incentivizes participants to contribute value to the network. With its focus on usability and performance, Sui aims to bridge the gap between blockchain technology and mainstream adoption.

Sui Price Overview:

As of May 27, 2024, Sui is trading at approximately 2e-05 BTC. Let’s dive into the detailed price action for SUI-BTC:

Understand Sui’s (SUIBTC) challenges at 1.53e-05 BTC with detailed bearish technical analysis, highlighting weakened support and cautionary indicators.

Metric Value
Open (O) 2e-05
High (H) 2e-05
Low (L) 2e-05
Close (C) 2e-05
Volume (C) 222,403.70
  • Open (O): The opening price for today’s trading session was approximately 2e-05 BTC.
  • High (H): Sui reached a daily high of around 2e-05 BTC.
  • Low (L): The daily low for SUI-BTC was approximately 2e-05 BTC.
  • Close (C): At the time of analysis, Sui is trading near its daily close of 2e-05 BTC.
Metric Value
1D Change (%) 0.99%
3D Change (%) -1.60%
7D Change (%) -4.66%
30D Change (%) -19.65%
90D Change (%) -45.85%
YTD Change (%) -16.37%

Over the past three days, SUIBTC has declined by approximately -1.60%, showcasing increased market volatility. Throughout the last week, it continued to fall, with a loss of around -4.66%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with SUIBTC maintaining a downward trend of approximately -19.65%, despite intermittent fluctuations. Examining the last 90 days, SUIBTC has witnessed substantial decline of approximately -45.85%, reflecting strong long-term confidence. Year-to-date, SUIBTC has steadily declined by around -16.37%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.

Sui Live Chart:

You can access a live price chart for SUI-BTC on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.

Price Volatility and Momentum:

  • Volatility score is 0.45523.
  • Momentum score is -0.11438.

SUI BTC Technical Analysis

Sui Trading Volume:

The trading volume for Sui (SUI) over the past 24 hours has been insignificant, with approximately 222,403.70 BTC traded against SUI. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.

Moving Averages:

  • 50-day Simple Moving Average (SMA): SUI is currently trading below the 50-day SMA, indicating short-term bearish momentum.
  • 200-day Simple Moving Average (SMA): Sui is also trading below the 200-day SMA, indicating a negative long-term outlook.

Relative Strength Index (RSI):

  • The RSI30 for SUI-BTC is currently in the low zone, around 40.24336. This suggests that Sui is in bearish territory.

Analysis from TradingView:

Our Key Takeaways:

Sui (SUI-BTC) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the BTC monthly resistance level and the BTC support level for potential trading opportunities. Additionally, the low RSI and insignificant trading volume are low signals for potential downward movement.

Understand Sui’s (SUIBTC) challenges at 1.53e-05 BTC with detailed bearish technical analysis, highlighting weakened support and cautionary indicators.

Discover even more by checking out our comprehensive analysis on SUI USDT Sui Technical Analysis — a perfect follow-up if you enjoyed this post.

Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.

Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.

Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.

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