Binance Japan is enhancing its cryptocurrency offerings by adding SUI and FIL to its platform. The announcement on their official blog indicates that these altcoins will be available for trading starting March 5. This development aligns with the upward trend observed in altcoin projects, with such listings contributing to their growth. A closer look at the performance charts of SUI and FIL reveals key insights into their market behavior.
SUI’s Price Dynamics and Market Levels
SUI has seen a significant increase in value, especially after facing criticism from investors regarding its airdrop process. Its rising channel pattern on the daily chart remains a focal point of interest. The coin recently approached a resistance level but has since shown a declining trend below the EMA 9 (blue line). Key support levels for SUI are identified at $1.4882, $1.3723, and $1.2372. If the price closes below $1.4882, the coin may lose momentum. Conversely, resistance levels of $1.5696, $1.7261, and $1.9456 are critical, with a close above $1.7261 potentially signaling an upcoming surge in value.
FIL’s Technical Indicators and Trajectory
The FIL chart also showcases a rising channel formation. A resistance break earlier this year turned out to be deceptive, resulting in losses for investors. Nonetheless, FIL’s recent breach of the resistance line could precipitate a rally following the Binance Japan listing. Support levels to monitor on the FIL chart include $9.4931, $8.8020, and $8.1611, with the $8.8020 level being crucial in intersection with the EMA 9. For resistance, the levels at $10.2983, $10.9149, and $11.6021 are significant, and a climb above $10.9149 could lead to an uptick in FIL’s market price.