The news content discusses the mixed signals being sent for the price of SUI. The total value locked (TVL) and technical indicators are suggesting hesitation and a period of stagnation for SUI's market support. The TVL reached a milestone above $1 billion but has since shown signs of stagnation, indicating a cautious market sentiment. The ADX suggests that while SUI is in a downtrend, the trend lacks strong momentum, potentially allowing for a reversal. Investors are closely watching key support and resistance levels to determine the next direction in SUI's price movement.
- Content Editor ( beincrypto.com )
- 2024-11-04
SUI Price Stalls as TVL Wavers Near $1 Billion Milestone