SUI is retracted after the gathering, eye growth with 21shares by arrangement

SUI withdrew from its recent high than $ 4.21 12. May, now traded $ 3.84, as technical indicators show the power of weakening.

Despite the recent dipla, a layer-1 token remains one of the best performers in the sector, and increased over 100% during its latest rally. However, the momentum slowed. 24-hour daily school scope is 30.5% to 1.13 billion dollars, while the activity of derivatives fell 31.2% to 3.07 billion dollars, per coeinglasi data. The open interest cut 1.8% to $ 1.8 billion, pointing to cooling short-term speculations.

The fall comes in equally sui (Sui) announced New partnership 14. Maya, with 21Shares, a well-known publisher of the CRIPTO Exchange product. Cooperation will focus on strengthening the global consciousness and adoption of SUI, especially in the US, where 21shares expands how regulated conditions improve and institutional demand increases.

“The partnership with SUI talks about where we see the future of Blockcachin infrastructure title,” Federico Brokate, head of the US business in 21Shares. He quoted Suis speedScalability and dissemination of the definition as important forces that could help play a major role in the upcoming wave of crypto growth.

According to the defile dataSUI currently has 2.06 billion dollars in the total value of locked, leaving eighth from all the Cvice. Over the past month, that number increased by almost 70%, indicating the increase in users and developers.

Looking at the technical image, SUI seems to consolidate only below the resistance to $ 3.92 after his rally. Although it has fallen from recent High, the relative strength index is still above neutral to 63. The moving average convergence of divergence has turned a bear with a negative crossver development and can be an early sign of loss of moments.

Short-term observation indicators, such as Stohastic RSI, Flash neutral-sell signals and show downtime. All major average average average, from 10 to 200 days, are still in the bought territory, indicating that the entire trend was still.

Lightly narrowing Bollinger bands suggests less instability. SUI can be consolidated before making another step up if it can maintain support at the range of $ 3.60, especially if the development of events like 21shares partnership has strengthened the trust and sense of investors.