Sui Price Surges 10% on Bitcoin Integration: TVL Now Tops $12.2 Billion
Sui Price Surge: The Sui price increased over 10% on July 14, driven by the launch of Bitcoin-backed tBTC and speculation around a U.S.-listed SUI ETF, resulting in over $500 million flowing into Sui-native DeFi platforms.
Growing Institutional Interest: Sui's high-speed infrastructure and increasing developer activity have positioned it as a strong contender in the DeFi space, with a total value locked (TVL) exceeding $12.29 billion, despite the price still being below its all-time highs.
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Technical Analysis for BTC
Technical Sentiment Analysis for Bitcoin (BTC) As of , Bitcoin (BTC) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BTC 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, BTC 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 $-.
Bitcoin (BTC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 36037.796 | 48018.898 | 60307.816 | 72288.918 | 84577.836 | 96558.938 | 108847.856 |
| Fibonacci | 48018.898 | 57290.046 | 63017.77 | 72288.918 | 81560.066 | 87287.79 | 96558.938 |
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