SUI (SUI) is creating a strong technical case for 100% price rally in the next few weeks, and has recently helped optimistic updates such as the recent submission of NASDAQ ETFs with the US Securities and Exchange Commission (SEC).
GOONER EMA support increases the potential of 40% Sui Bounces
As of May 28, SUI regained “GOONER EMA” with the support of the weekly chart.
GOONER EMA is a technical indicator produced by the trader Nebraskangooner and uses the 11 and 22 rider movement average (EMA). As the price goes beyond the EMA range, it often gains more profits.
If the price is lower than the EMA range, it tends to follow deeper losses.
SUI lost support from about $ 3.34 to $ 3.59 last week after CETUS, a distributed exchange built in the SUI block chain, reached $ 200 million.
relevant: SUI Validators votes for a $ 161 million CETUS Recovery plan for restoring user funds.
According to Nebraskangooner, the SUI has regained this area, so the strong sentiment is returning.
He wrote:
“You can test ATH as long as you can support GOONER EMA. There are also opportunities for new ATH depending on the market situation.”
SUI’s current record is $ 5.36, about 40%compared to the current price.
Fibonacci Retression level and SUI’s general uphill channel settings project $ 7.56 has increased more than 100% at the current level with a new record height goal.
NASDAQ file for Sui ETF
The optimistic outlook for the SUI of Nebraskangooner appears almost a week later with the US Securities and Exchange Commission (SEC) of NASDAQ’s Sui ETF application.
21Shares already offers Sui Exchange trading products (ETP) in Europe, which is already listed in Europe and Europe. Since its launch in July last year, the price of SUI has soared more than 350%.
According to Coinshares’ report on May 26, this list helps to increase the total asset (AUM) of the SUI -based ETP to $ 337.2 million.
Only on May 16 and May 24, SUI products attracted $ 2.9 million in inflow, and in terms of net assets, Bitcoin (BTC), Ether (ETH), Solana (SOL) and XRP (XRP) were located in terms of net asset.
Regulatory approval for NASDAQ’s SUI ETF is similar to most encryption ETF applications.
This article does not include investment advice or recommendation. All investment and trading measures include risks, and the reader must do his own research when making a decision.