SUI has recently experienced a surge in trading volume over the past few days, breaking through the long-standing downtrend line, and the price has stabilized around $1.5860. This breakout is not a minor fluctuation but a genuine turning point after a long-term adjustment.
From a fundamental perspective, as a representative of the new generation high-performance public chain, SUI's innovative Move programming language design and high throughput architecture are indeed competitive. The gap between the all-time high of $4.4436 and the current price reflects the market's re-evaluation of its potential.
Technically, the $1.5860 level has become a key support. In the short term, $2.0 is the first target to watch, and $2.5 is also within a reasonable rebound zone. Of course, the valuation of such public chains is always influenced by market cycles, and attention should be paid to the subsequent performance of overall ecosystem development and trading activity.
For investors with strategic layout intentions, the current price level is indeed worth careful study.
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MEVHunterNoLoss
· 12h ago
I was trapped when it was over 2 dollars, but now that it’s at 1.58, I’m actually tempted.
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HappyToBeDumped
· 12h ago
Haha, it's the same old story. Every time it's about breaking through trend lines and key support levels, but what happens then?
From 1.58 to 2 dollars, we'll probably have to wait until the Year of the Monkey or the Year of the Horse...
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ContractBugHunter
· 12h ago
Broke the support? Then let's see if the 2 level can hold. If it can't, it's just another false alarm.
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ContractSurrender
· 12h ago
Did it drop to 1.58 again? I should have cleared everything early.
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ProbablyNothing
· 12h ago
I've been bullish on SUI for a long time. This breakout is indeed solid. Waiting for $2.
SUI has recently experienced a surge in trading volume over the past few days, breaking through the long-standing downtrend line, and the price has stabilized around $1.5860. This breakout is not a minor fluctuation but a genuine turning point after a long-term adjustment.
From a fundamental perspective, as a representative of the new generation high-performance public chain, SUI's innovative Move programming language design and high throughput architecture are indeed competitive. The gap between the all-time high of $4.4436 and the current price reflects the market's re-evaluation of its potential.
Technically, the $1.5860 level has become a key support. In the short term, $2.0 is the first target to watch, and $2.5 is also within a reasonable rebound zone. Of course, the valuation of such public chains is always influenced by market cycles, and attention should be paid to the subsequent performance of overall ecosystem development and trading activity.
For investors with strategic layout intentions, the current price level is indeed worth careful study.