Today we bring a brief analysis for two tokens. They are 
APT and $SUI. If you are a veteran in crypto, you will know that both projects are built on the MOVE language. And they all have the DNA of Diem, a famous blockchain created by Facebook.
It has only been 3 months since SUI was listed on Binance. The price pumped on the first day and then started to drop. After mid-June, the price entered into a range. Although the price did not fall further, the high point of the rebound was gradually lowered. Recently, the volume of SUI has decreased, so the volatility has lowed. Price approached previous lows on the way down.
Conclusion: Mostly fluctuation. Although Sui remains bearish on a large scale, the gap between bulls and bears is not obvious at present. Also, price is near the lows, a level that would provide strength to the bulls. Therefore, we think the possibility of fluctuation is greater, we set the resistance level at 0.74 and the support level at 0.57.
If you have any ideas, welcome to communicate with us:)
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
APT and $SUI. If you are a veteran in crypto, you will know that both projects are built on the MOVE language. And they all have the DNA of Diem, a famous blockchain created by Facebook.It has only been 3 months since SUI was listed on Binance. The price pumped on the first day and then started to drop. After mid-June, the price entered into a range. Although the price did not fall further, the high point of the rebound was gradually lowered. Recently, the volume of SUI has decreased, so the volatility has lowed. Price approached previous lows on the way down.
Conclusion: Mostly fluctuation. Although Sui remains bearish on a large scale, the gap between bulls and bears is not obvious at present. Also, price is near the lows, a level that would provide strength to the bulls. Therefore, we think the possibility of fluctuation is greater, we set the resistance level at 0.74 and the support level at 0.57.
If you have any ideas, welcome to communicate with us:)
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.