Sui (SUI) Falls 0.04%, Underperforms the Crypto Market Thursday

Thursday, August 03, 2023 02:23 PM | InvestorsObserver Analysts

Sui (SUI) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Thursday, the crypto has lost 4.01% to $0.5894793257.

InvestorsObserver is giving Sui a 53 Volatility Rank. Find out what this means to you and get the rest of the rankings on Sui!

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Moderately Volatile

InvestorsObserver gives Sui a moderate volatility rank of 53, placing it in the top 47% of cryptos on the market.

The Volatility Gauge analyzes 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 favorably positioned going forward. With support set at $0.568754789254213 and resistance set at $0.60682296457007. This positions Sui with room to run before facing selling pressures.