Sui is struggling to restore $ 3, is the downside more? star-news.press/wp

The original code of Layer-1 Blockchain SUI has been circulated sideways over the past few weeks, raising questions about whether it will be zag or extend its losses to July.

About $ 2.71 was traded at the time of the press, SUI (SUI) struggled to restore the bullish momentum since it fell from its highest levels earlier this year. Although 1.4 % increased in the past 24 hours, SUI is still under pressure, as it has decreased by 15.5 % over the past thirty days, or about 22.9 % of the peak this month of $ 3.50, and 48.1 % less than its highest level ever at $ 5.20.

Sui’s decline in a mixture of technical factors and supplies seems to be a mixture of technical factors. The distinctive symbol was to drop for most of the month, as it decreased to less than the moving average for 50 days and the formation of a versatile channel.

Weakness also comes amid a broader slowdown in the encryption market, as many major assets are trying to settle after the recent Iranian -Israeli geopolitical tensions that sparked a sharp sale.

In addition to the pressure is the latest opening for the Sui Foundation, which saw 44 million Sui icons, at a value of $ 120 million, enters the blood circulation on July 1. Opening part of a long -term schedule adds more than 55 million icons every month until 2030, creating frequent frequent.

SUI’s circulating offer is now 3.45 billion, about 34.5 % of a total of 10 billion of the offer, with more than 5.2 billion icons still closed.

The addition of the Habbiyah tone is a decrease in the open interest in the future contracts of SUI, indicating a decrease in trading condemnation. Currently, open attention Sitting By about $ 1.18 billion, a decrease from May’s peak over $ 2 billion. This faded activity in the trading of derivatives indicates the fading of trust between the market participants.

Currently, there are still the risk of the negative side, and merchants are now seen $ 2.30 as a major support. The decisive step may lead to an increase in the deepening of losses unless feelings are through the broader coding market transformations.