CandleFocus SUI Price Weakens as TVL Surge Reaches Plateau
2024-10-22
Author: Content Editor
SUI's price and Total Value Locked (TVL) have been experiencing significant growth in recent months. However, the TVL has reached a plateau, and the price has entered a consolidation phase. The future direction of SUI will depend on whether the TVL sees renewed growth or remains stagnant, with the possibility of a correction. SUI's ADX indicates a weak trend, and if it continues to rise, it could lead to a significant correction. The EMA lines suggest a potential bearish crossover, indicating a potential downtrend. Support levels for a correction are at $1.74 and $1.60, while resistance levels for a price increase are at $2.16 and $2.36.
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