CandleFocus SUI Hits All-Time High, But Weakening Trend Halts $4 Breakout
2024-11-20
Author: Content Editor
The price of SUI has recently reached a new all-time high and has grown nearly 74% in the past month. This surge is fueled by increasing adoption and market activity. The Total Value Locked (TVL) for SUI has also reached new highs, hitting $1.65 billion before slightly retracing. However, the recent dip in growth momentum and a declining Average Directional Index (ADX) suggest a weakening uptrend. If the uptrend regains strength, SUI may test resistance levels at $3.94 and potentially attract more traders. Conversely, a reversal could see the price testing support levels at $3.1 and potentially declining further to $2.2.
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