Sui (SUI) Falls 0.08%, Underperforms the Crypto Market Thursday

Thursday, November 09, 2023 03:13 PM | InvestorsObserver Analysts

Sui (SUI) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Thursday, the crypto has dropped 8.4% to $0.5316631962.

InvestorsObserver is giving Sui a 46 Volatility Rank. Find out what this means to you and get the rest of the rankings on Sui!

Moderately Volatile

InvestorsObserver gives Sui a moderate volatility rank of 46, placing it in the bottom 46% of cryptos on the market.

The Volatility Gauge follows this makes its score defined by recent trends, rather than a bad day. SUI's moderate volatility reading is paired with a low reading on the Risk/Reward Gauge, meaning that the token has moderate price swings and is well protected from price manipulation.

Sui price is well positioned going forward. With support at $0.473097836022719 and resistance near $0.553169225697859. This leaves Sui with room to run before facing selling pressures.

What is a Token?

Tokens are digital assets that exist on another cryptocurrency's blockchain.

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