On (Sul)
Lowered from 9.64% to $ 3.0211 on June 13, extending an steep night correction which saw the token fall from $ 3.34 to an intrajat hollow of $ 2,9556. Ventilation at $ 3.20 – A previously firm support area – resulted in high sales pressure and marked a turning point in short -term feeling, with more than 50 million tokens exchanged during the sale.
After briefly violating the level of $ 3.00, Suis found support around $ 2,997, where the buyer’s interests started to surface. The price has since recovered in a close consolidation band from $ 3.00 to $ 3.05, although the momentum remains fragile. The lower ups continue to train, which suggests that sellers are still in control, unless the bulls can recover levels above $ 3.05 with conviction.
The net movement follows a wave of wider cryptography and a brief increase in BTC prices linked to American inflation data earlier this week. Although the macro backdrop remains uncertain, the behavior of suis prices appears mainly technical: the $ 3.20 failure has sparked stunt stopper and panic sale, while psychological support almost $ 3.00 temporarily declined the decline.
The volume models suggest a cautious accumulation, with a notable peak at 2:00 p.m. UTC when more than 1.2 million tokens have changed hands. However, unless buyers can recover key resistance levels, the current rebound can be short -lived. A confirmed closure above $ 3.05 would be the first step towards invalidating the current decrease trend.
Strengths of technical analysis
- The user interface increased from $ 3.343 to $ 2,9556 in 24 hours, a drop of 12.9% before partial recovery.
- The sale pressure intensified after ventilation from $ 3.20 to 00:00 UTC, with 50m + chips exchanged.
- The price stabilized in a consolidation band from $ 3.00 to $ 3.05.
- A minor recovery raised the price from $ 2,997 to $ 3.017 during the most recent time.
- The volume at 2:00 p.m. UTC exceeded 1.2 m, signaling a short -term accumulation close to the support.
- Resistance is $ 3.05; The support remains firm at $ 2.94.
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