Sui Supports Cetus in Returning Frozen Funds
Sui's Response to Breach: Sui validators froze $160 million in stolen assets from the Cetus Protocol breach and are supporting a proposal to return these funds, which is expected to enhance user confidence and stabilize the SUI token's liquidity.
Impact on DeFi Security: The incident highlights Sui's proactive approach to security in decentralized finance, setting a benchmark for future responses to similar breaches and potentially improving the reputation of the Cetus Protocol.
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Technical Analysis for SUI
Technical Sentiment Analysis for Sui (SUI) As of , Sui (SUI) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for SUI 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, SUI 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 $-.
Sui (SUI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.306 | 0.547 | 0.797 | 1.038 | 1.287 | 1.528 | 1.778 |
| Fibonacci | 0.547 | 0.734 | 0.85 | 1.038 | 1.225 | 1.341 | 1.528 |
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