Sui Ecosystem Achieves $249M Daily Derivatives Volume
- Derivatives Volume Surge: The Sui ecosystem has achieved a daily derivatives trading volume of $249 million, marking a transition from a narrative-driven blockchain to a financially relevant entity, which has attracted active participation from traders.
- Strategic Nansen Partnership: The collaboration with blockchain analytics platform Nansen enhances Sui's transparency, allowing developers and institutions to track asset flows and participant behavior more effectively, thereby increasing market accessibility.
- Controlled Price Action: Over the past week, Sui's price has gradually descended from $1.55 to a range of $1.48-$1.52, indicating that market participants are carefully adjusting their positions rather than panic selling, suggesting market absorption.
- Increased Market Appeal: As liquidity improves, Sui's market is attracting more sophisticated traders, indicating that its position in the blockchain space is likely to solidify further in the future.
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Technical Analysis for MAJOR
Technical Sentiment Analysis for Major (MAJOR) As of , Major (MAJOR) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 0 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for MAJOR stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, MAJOR is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Major (MAJOR) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0609 | 0.0686 | 0.0777 | 0.0855 | 0.0946 | 0.102 | 0.111 |
| Fibonacci | 0.0686 | 0.0751 | 0.079 | 0.0855 | 0.0919 | 0.0959 | 0.102 |
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