SUI Exchange Outflows Spike, Keeping $3 Level Steady 📈
Over the last three days, Sui (SUI) has seen an increase in exchange outflows, indicating a possible reversal of its recent decline. The altcoin’s price is currently at $3.23, down 17% from its all-time high on November 17, raising questions about its ability to rise above $4 again.
Data from Coinglass highlights a cumulative $25 million in Sui's Spot Inflow/Outflow since November 30. A predominance of outflows suggests that holders are not inclined to sell, pointing to potential price recovery.
Moreover, positive funding rates for Sui imply that the traders’ sentiment is bullish, with expectations of a rebound if exchange outflows continue rising.
On charts, strong support at $3.21 may prevent a significant price drop, while levels like $3.15 are critical. Sustaining above these levels could lead to a climb towards $3.94, but slipping may challenge a rebound.
Any decrease in outflows could invalidate the positive outlook, potentially decreasing Sui's price to $2.97.
Articles similaires
Will SUI Bullish Momentum Push It Past $10?
SUI Surges to New Highs on Bullish Momentum
SUI Price Prediction: Can SUI surpass $8 in Altcoin Summer as Young Alt Token Emerges
Here Is What SUI Price Needs to Reach $4 for The First Time
SUI Price Hits ATH In Epic Decoupling From Bitcoin, Is $7 Next?
SUI Token (SUI) Price: Action Indicates Possible Break of Previous High
SUI Surges by 25% as it Eyes $2 Amid Positive Market Developments
SUI Surges Toward $5, While Catzilla and Cardano Compete for a 20,000% Rally
SUI’s 35% price jump amidst new ATH: What’s driving the rally?
SUI Token [SUI] Price: Surges 35% to Record $4.23 Weekly Close Amid Rising Volume
SUI Price Smashed a New ATH—Can the Bulls Escalate the Levels Beyond $10 as $5 Remains Activate for 2024?
Sui Price Hits New ATH, Is $5 Imminent This December?
SUI Set for 60% Rally After $40 Million Exchange Outflows
Will Sui Break $4 or Will It Fall Back To $2.3?
Sui coin price prediction: Why $3.2 support is key for a new high
SUI Price Just Hit New ATH $4: What Next For Sui Now?
Sui’s Bullish Trend Puts Avalanche on Notice: What’s Ahead
SUI Price Surge Suggests Growth Potential Amid Market Dynamics and Key Support Levels
