The Sui (SUI) ecosystem has come to life: A sharp rise!

Slowly relieving the selling pressure, Sui (SUI) increased by 40 percent in a short time, pleasing its ecosystem and investor base.

SUI, which took a solid step into the sector with its pre-sales and airdrops, later fell out of favor due to the sales pressures it saw. However, the market's very positive momentum, both fundamentally and technically, reversed the needle on SUI. In addition, the SUI, which roots gas as an ecosystem, topped the list of "Most Very Ascendants" with an increase of 37.35 percent in the last 24 hours.

Ekran Resmi 2024 01 12 09.12.31 2## The voluminous rise gave confidence!

The SUI, which has come to the fore with price manipulations, especially on the futures side, is gradually eliminating this situation. The popular coin, which has surpassed critical resistance levels by volume, is currently trading at $1.1092. Continued vitality in the ecosystem, BTC settling above $49,000 or easing the BTC dominance could bring the SUI price to $1.2802 – $1.4319 and $1.4982, respectively.

The prominence of different ecosystems, the reversal of the news flow, or the dominance of BTC over ETH may trigger a wave of sales in SUI again. In this process, the levels at which a pullback can be expected are $1.0172 – $0.9063 – $0.7853 and $0.7178, respectively. In particular, the $1.0172 level is decisive and may provide clues to the short/medium-term price structure.

Ekran Resmi 2024 01 12 10.15.11

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