The price of water is at the base of the last weeks, but investors are still hopeful…

What does technical analysis say about the future of water token? Why does the price fall in January 2025? Will the price rise?
 The price of water is at the base of the last weeks, but investors are still hopeful…
READING NOW The price of water is at the base of the last weeks, but investors are still hopeful…

The price of the water decreased by 22 %in the last 9 days to the level of $ 3.87 and reached the lowest level. However, investors are hopeful of the potential of recovery of crypto money. SUI’s clinging over $ 3.69, the critical support level, will be decisive for the prevention of larger losses.

Water Price Analysis and Current Status

The water, which reached the highest level of all time with $ 5.36 at the beginning of the month, entered a decline trend by declining significantly from this summit. This decline reveals the negativities in general market conditions and the cautious stance of investors.

The relative power index (RSI) reveals that the decrease tendency over the water is dominant. The RSI, which has been at the lowest level since August 2024, points out that market momentum is very weak. This shows that the procurement pressure is not strong enough and that the price is low in the short term.

Investors Optimism continues

Despite the weak appearance of RSI, the funding rate of SUI remains positive. Since January 2025, this positive rate has reflected the confidence of investors to the potential of SUI in the long run. Especially in December 2024, short -term sales transactions are performed even in small decreases, while the existing funding rate remains positive.

This positive funding rate helps the market to remain stable by reducing the risk of complete collapse on water. This enables investors to maintain their long -term confidence in SUI’s long -term potential.

Water Price Estimation

The price of the water is currently $ 3.87 and has lost $ 4.05 support. However, the protection of the critical support point of $ 3.69 is vital to prevent deeper losses. If it goes below this support point, the price can be expected to lose more value.

In order to recover, he must first regain the $ 4.05 level. If this level is determined as support again, the potential to reach $ 4.35 may arise. This movement can regain the investor confidence by compensating for recent losses.

The water is currently going through a wavy period due to weak market conditions. However, the positive funding rate and long -term hopes of investors show that this process is not a pure scenario. The preservation of critical support in the short term can contribute to the balancing of the market. However, the improvement in RSI and general momentum can prepare the ground for a more positive price movement in the long run.

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