- After a major drop, new portfolios and active addresses of SU have jumped in the past 24 hours
- The Value of Suis decreased by 26.14% over the aforementioned period
During the last month, SU was negotiated in the $ 2.4 and $ 3.7 consolidation range in a coherent manner. At the time of writing this document, the Altcoin was negotiated at $ 2.55 after a drop of 9.8% on daily cards.
Likewise, Altcoin depreciated by 10.07% and 26.14% on weekly and monthly graphics, respectively.
Source: Artemis
Despite the aforementioned decline, however, there have been recent signs of hope for Altcoin. First of all, there was a significant increase in active users. Similarly, the active addresses of SU has climbed 110% to 1.5 million.
With the increase in active users, it would seem that Altcoin demand also increases. Usually, when active addresses climb, it means that investors return or enter the market.
According to Artemis, these active addresses are mainly new portfolios, following 1.2 million new portfolios and 243.5k of return wallets.
Source: Artemis
Such a point in the new portfolios can be a sign that suis is in high demand. In particular with new investors continuously entering the market.
Significantly, it seems that these addresses are mainly optimistic and have entered to accumulate Altcoin. This optimization can be highlighted by the recent peak in the weighted feeling of SU, with the same climb to the levels reached for the last time in September 2024.
When weighted feelings become positive, this means that most users have a positive perception of the network and expect it to develop.
Source: Santiment
Such can it see a trend reversal?
In the light of the above -mentioned metrics reaching their highest levels in 6 months, it seems that the feeling of investors slowly leans up.
This change is highlighted by the fact that the rate of financing of Sui, weighted, has also become positive. Previously, the weighted Altcoin financing rate had remained negative for 2 days. During this period, Altcoin saw the metric reaching a 3 -week low on the graphics.
Source: Messari
Consequently, such a sudden reversal implies that investors have now become bruise and now take more positions and pay bonus costs for the same. In particular, this change of feeling of the market positions the Altcoin for more gains on its price graphics.
In simple terms, sui sees a change in feeling of the lowering market in Haussier. This led to the opening of more addresses. If these addresses turn to a high demand, Suit could recover $ 2.8 and try a movement around $ 3.
However, with the sellers still on the market, additional sales will see a trace at around $ 2.4.
