The needle, the native token of needle blockchain, is about 6% below in the last 24 hours, back to $ 4.04 after jumping overnight by $ 4.04. This step is behind the coindesk analytics data show, before the 32.37 million token volume spikes, above the daily criteria, lowering acute and drag prices.
Bulls initially conducted the line at $ 4.32, but Bears seized the speed as the SUI slipped through the major technical levels. The token shut down the session at a decline of $ 4.11, 5.25%. Coindesk Analytics now shows the formation of resistance between $ 4.20 and $ 4.24, while a double-bottom is developing from $ 4.08 to $ 4.09.
Widespread weakness in crypto markets can have added under pressure. Coindesk 20 index is 1.4% below compared to the previous day. The US dollar today coincides with a market-wide decline, including a headwind-SUI slide for risk assets such as cryptocurrency, an increase in the US dollar.
Nevertheless, SUI is 46% in the last month, performing better than 33% of the CD20. This development tracks the growing interest in the SUI ecosystem, which saw that the total value at the beginning of this month was more than $ 2 billion. Defilama,
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