“The token Traded Roughly Flat Over The Past 24 Hours, Even After Nasdaq Submitted A 19B-4 Document with The Sec On Tuesday, Taking Another Step Towards A SPOT SUI ETF IN THE US”, – WRITE: www.coindesk.com
The Native Token of the Sui Blockchain, Rose Slightly Over The Past 24 Hours Before Falling Sharply After Macroconomic Factors Hit Global Markets Durying Us Afternoon Hours ..
The Token Rose Following News that Nasdaq Field A 19B-4 Form with The US Securities and Exchange Commission (Sec) To List the 21shares Sui Exchange-Traded Fund. This Marks The Second Major Step in the ETF Approval Process. The FIRST, A DRAFT S-1 Registration Statement, Was Filed by 21shares in April.
If Approved, this would be the First Spot Sui etf listed in the United States, Offering Traditional Investors Regulated Access to The Native Token of the Sui Blockchain.
Sui Appeared to Respond to the Development, Showing Strengt Overnight As It Broke Through A Resistance Level at $ 3.49 with Support from Signification Analysis Model. More than 13 Million Tokens Changed Hands Durying the Breakout, whoch coincides with nasdaq’s filing.
Durying US Afternoon Hours, Sui Droped Sharply and Is Down About 1% at Press Time. The Coindesk 20, WHICH TRACKS The Broader Crypto Market, Was Up Only Slightly After Taking a Hit in the afternoon.
Technical Analysis Highlights
- Sui ExperienCed A Decisive Breakout Overnight Above the $ 3.49 Resistance Level with Volume Exceeding 13 Million, Significanti Above the 24-HOUR AVERAGE OF 8.7 MILLION.
- Despite Minor PullBacks, The Token Found Consistent Support Around $ 3.45- $ 3.46.
- A High-Volume Surge Reinforced Bullish Sentiment, Suggesting Potential Continuation of Upward Momentum.
- The $ 3.50 Level Has Been Established As A Potential Key Resistance Zone Following A Temporary of Bullish Momentum.
- Price Action ForMed a potential Base in the $ 3.48- $ 3.48 Range with Moderate Volume Supporting Consolidation.
Disclaimer: Parts of this Article Were Generated with the Assistance from AI Tools and Review by Our Editory Team to Enseure Accucy and Adherice Tour Standards. For more information, See Coindesk’s Full Ai Policy.
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