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Home»Altcoins»Sui coin price prediction: Why $3.2 support is key for a new high
Altcoins

Sui coin price prediction: Why $3.2 support is key for a new high

December 5, 2024No Comments4 Mins Read
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Sui bulls have been showing strength in defending the $3.2 support zone, indicating a potential retest in the future. The liquidation heatmap has also highlighted two short-term support zones that could be visited before SUI makes a push for a new all-time high.

Since the beginning of August, Sui [SUI] has been on an upward trend in the 1-day timeframe, with minimal pullbacks along the way. Although the bullish momentum is expected to continue, there may be short-term price volatility to navigate.

SUI is currently consolidating below its all-time high, with the daily chart still showing a bullish market structure. Recent higher lows at $2.82 and $2.97 suggest that a close below $2.97 could indicate a shift towards bearishness. The Relative Strength Index (RSI) has remained above 50, signaling a bullish trend, despite trading within a range for the past 10 days.

The On-Balance Volume (OBV) has been on an uptrend, indicating high buying volume, while the Money Flow Index (MFI) has shown a slight decrease during the consolidation phase. However, as long as SUI remains above $3.52, more gains could be on the horizon.

Spot Cumulative Volume Delta (CVD) has not shown a significant uptrend, indicating weak demand in the spot markets. This aligns with the MFI’s findings of a lack of buying pressure, suggesting that a breakout from the current range may take some time.

The recent price surge on December 3rd was accompanied by a rise in Open Interest (OI), followed by a $45 million decrease in the past 20 hours, suggesting profit-taking by bullish speculators. The liquidation heatmap shows clusters of liquidity at $4 and $3.17, indicating potential price movements in the near future.

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Traders should be prepared for a possible price dip towards $3.5 and $3.2 in the coming days before a potential move higher. It is important to note that the information provided is not financial advice and reflects the writer’s opinion.

In conclusion, SUI’s price action continues to show bullish potential, with key support and resistance levels to watch out for in the near term. Stay tuned for further updates on Sui’s price prediction for 2024-25. The Impact of Climate Change on Global Health

Climate change is a pressing issue that not only affects the environment but also has profound effects on global health. The increasing temperatures, changing weather patterns, and rising sea levels associated with climate change have far-reaching consequences for human health.

One of the most immediate impacts of climate change on health is the increased frequency and intensity of extreme weather events. Heatwaves, hurricanes, floods, and droughts can cause injuries, displacement, and death, as well as disrupt healthcare services and infrastructure. These events can also lead to the spread of waterborne diseases, such as cholera and typhoid, as well as mosquito-borne diseases like malaria and dengue fever.

Rising temperatures due to climate change can also exacerbate existing health conditions, such as respiratory illnesses and cardiovascular diseases. Heat-related illnesses, such as heat stroke and dehydration, are becoming more common as heatwaves become more frequent and severe. In addition, air pollution levels tend to increase with higher temperatures, which can worsen respiratory conditions like asthma and increase the risk of heart attacks and strokes.

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Climate change is also impacting food security and nutrition, which are key determinants of health. Changing weather patterns and extreme weather events can disrupt food production, leading to crop failures and food shortages. This can result in malnutrition and food insecurity, particularly in developing countries. Furthermore, changes in temperature and precipitation patterns can affect the quality and availability of water, which is essential for agriculture and human consumption.

In addition to these direct impacts on health, climate change can also have indirect effects on mental health and well-being. The stress and trauma caused by natural disasters and environmental degradation can lead to anxiety, depression, and post-traumatic stress disorder. Displacement and loss of livelihoods due to climate change can also contribute to social isolation and feelings of hopelessness.

Addressing the health impacts of climate change requires a multi-faceted approach that involves mitigating greenhouse gas emissions, adapting to the changing climate, and building resilience in communities. Governments, healthcare providers, and individuals all have a role to play in reducing the health risks associated with climate change.

By taking action to reduce our carbon footprint, promote sustainable practices, and support vulnerable populations, we can mitigate the health impacts of climate change and create a healthier and more sustainable future for all. The time to act is now, before the health consequences of climate change become even more severe.

Coin High key Prediction Price Sui support
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