Is sideways trading a death sentence? The whale $SUI runs away with 7.74 million dollars, the death cross resonance hides a killing opportunity!
1. Latest news!
1. Whale sells 2 million coins in 24 hours: On-chain monitoring shows that an anonymous address has transferred 2 million SUI in batches in the last 24 hours, with some recharged into exchanges, suspected of being a dump ambush.
2. The ecosystem is frozen: The SUI mainnet has not had any major updates for a month, community activity has dropped by 50%, and even meme projects are too lazy to ride the hype. This market is either the calm before the storm, or the silence before going to zero.
2. Technical aspects!
1. Trading volume: Current trading volume is 16.01 million coins, compared to the 5-day average of 43.67 million and the 10-day average of 51.08 million, a direct knee-jerk reaction. The divergence between volume and price indicates that the dog traders are sharpening their sickles while retail investors are playing dead; in this market, bottom-fishing is akin to actively delivering takeout to the dog traders!
3. MACD: DIF (0.057) is being pressed by DEA (0.089), the MACD bar (-0.0638) turns from green to negative, a typical signal of a downward continuation.
Historical pattern: In this death cross pattern, SUI typically falls another 10%-15%, don't be fooled by short-term sideways trading!
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