SUI’s Price Hangs on a Thread as It Rests on a Key Support Level
- SUI printed a loss over the last 24 hours according to CoinMarketCap.
- At press time, the altcoin was resting on a key support level at $1.1181.
- Technical indicators suggested that SUI’s price would soon flip the support level into resistance.
Sui (SUI) was one of the many cryptos in the red today according to the crypto market tracking website, CoinMarketCap. At press time, the altcoin’s price stood at $1.12 following a 1.35% drop in the past 24 hours.
In addition to weakening against the Dollar, SUI’s price also dropped against the market leaders Bitcoin (BTC) and Ethereum (ETH). As a result, it was down 1.35% against BTC and 1.65% against ETH. Furthermore, the crypto was trading very close to its daily low of $1.11.
At press time, SUI’s price was resting near a key support level at $1.1181, and technical indicators suggested that it would flip the support into resistance in the next 24 hours. The 9 EMA line on the 4-hour chart was trading bearishly below the longer 20 EMA line. In addition, the RSI line was trading bearishly below the RSI SMA line.
This bearish move looked as if it was coming to an …
The post SUI’s Price Hangs on a Thread as It Rests on a Key Support Level appeared first on Coin Edition.
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SUI’s Price Hangs on a Thread as It Rests on a Key Support Level
- SUI printed a loss over the last 24 hours according to CoinMarketCap.
- At press time, the altcoin was resting on a key support level at $1.1181.
- Technical indicators suggested that SUI’s price would soon flip the support level into resistance.
Sui (SUI) was one of the many cryptos in the red today according to the crypto market tracking website, CoinMarketCap. At press time, the altcoin’s price stood at $1.12 following a 1.35% drop in the past 24 hours.
In addition to weakening against the Dollar, SUI’s price also dropped against the market leaders Bitcoin (BTC) and Ethereum (ETH). As a result, it was down 1.35% against BTC and 1.65% against ETH. Furthermore, the crypto was trading very close to its daily low of $1.11.
At press time, SUI’s price was resting near a key support level at $1.1181, and technical indicators suggested that it would flip the support into resistance in the next 24 hours. The 9 EMA line on the 4-hour chart was trading bearishly below the longer 20 EMA line. In addition, the RSI line was trading bearishly below the RSI SMA line.
This bearish move looked as if it was coming to an …
The post SUI’s Price Hangs on a Thread as It Rests on a Key Support Level appeared first on Coin Edition.
Read More