Sui
The native token of the AU blockchain, increased slightly in the last 24 hours before falling suddenly after the macroeconomic factors hit the world markets during the afternoon hours.
The rose of the token according to the news that Nasdaq filed a Form 19B-4 With the American Securities and Exchange (SEC) commission to list the 21Shares Suis Exchange fund. This marks the second major step in the FNB approval process. The first, a draft Declaration of S-1 registration, was filed by 21Shares in April.
If it is approved, it would be the first SUT ETF listed in the United States, providing traditional investors with regulated access to the native of the AU blockchain token.
Suis seemed to respond to development, showing the strength of the day after he crossed a level of resistance at $ 3.49 with the support of a large commercial volume, according to the Technical Analysis model of Coindesk Research. More than 13 million tokens changed hands during the break, which coincided with the Nasdaq file.
During the afternoons, SU has dropped sharply and is down approximately 1% at the time of the press. The Coindesk 20, which follows the wider market of cryptography, was only slightly up after taking a hit in the afternoon.
Strengths of technical analysis
- Suis experienced a decisive break during the night above the resistance level of $ 3.49 with a volume greater than 13 million, significantly above 24 hours of 8.7 million.
- Despite minor withdrawals, the token found a constant support around $ 3.45 to $ 3.46.
- A high volume overvoltage has strengthened the bullish feeling, suggesting a potential continuation of the ascending momentum.
- The level of $ 3.50 was established as a potential key resistance zone after temporary exhaustion of the bullish momentum.
- Price action has formed a potential base in the range of $ 3.48 to $ 3.48 with moderate volume consolidation.
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