SUI Price Weakens as TVL Surge Reaches Plateau

SUI ADX Shows the Current Downtrend is Still Not That Strong

SUI’s ADX is currently at 16.82, indicating the strength of the current trend. With a value below 20, this suggests that the trend is still weak, implying limited directional movement in the market.

The ADX is a valuable indicator as it helps gauge the momentum of a trend, whether upward or downward.

SUI ADX. Source: TradingView.

The ADX (Average Directional Index) values are generally used to determine how strong a trend is, with numbers between 20 and 40 signaling moderate strength and anything above 40 showing a very strong trend. Just two days ago, SUI’s ADX was at 9, showing a noticeable increase recently.

As SUI seems to be heading into a downtrend, a continued rise in ADX would imply a strengthening bearish momentum, which could lead to a significant correction in the next few days.

SUI Price Prediction: Will SUI Form a Death Cross Soon?

SUI’s EMA lines currently indicate that its short-term averages are trending downward and could soon cross below its long-term averages. This is often referred to as a “bearish crossover,” which suggests that bearish momentum may be gaining strength.

Such a crossover can indicate the beginning of a potential downtrend as short-term price sentiment weakens compared to the longer-term outlook.