Twin Tulips
--
Bullish
📈 𝗦𝗨𝗜/𝗨𝗦𝗗𝗧 𝗣𝗿𝗶𝗰𝗲 𝗔𝗻𝗮𝗹𝘆𝘀𝗶𝘀: 𝗕𝘂𝗹𝗹𝗶𝘀𝗵 𝗠𝗼𝗺𝗲𝗻𝘁𝘂𝗺 𝗕𝘂𝗶𝗹𝗱𝘀 𝗼𝗻 𝗕𝗶𝗻𝗮𝗻𝗰𝗲 🚀
📈 $SUI /USDT on Binance is currently trading at $3.4423, reflecting a slight uptick of +0.48% as shown in the chart. The price has been on a steady climb since late April, recovering from a dip around $2.30. Over the past 24 hours, it ranged between $3.3505 and $3.4992, with a trading volume of 70.85M SUI (worth $244.24M USDT), indicating strong market activity. 📊
The 1-day chart displays a clear uptrend with higher highs and lows, supported by increasing volume bars, suggesting sustained buying interest. However, the price is approaching a key resistance level around $3.50-$3.60, which has historically acted as a ceiling (as seen in late April). A breakout above this could push SUI toward $3.87, a level highlighted in recent posts on X as a potential target. On the downside, support lies near $3.30, aligning with the 24-hour low. 🔍
SUI’s recent performance aligns with broader market sentiment for the token, which has been largely bullish. This is driven by its strong fundamentals as a Layer-1 blockchain, with features like zkLogin and high scalability, alongside rumors of a Pokémon Web3 partnership fueling interest. However, a $265M token unlock scheduled for May 1, 2025, could introduce sell pressure, as noted in recent analyses. Investors should watch for volume trends and price action around these key levels to gauge the next move. 🚀💡
#SaylorBTCPurchase #StablecoinPayments
📈 $SUI /USDT on Binance is currently trading at $3.4423, reflecting a slight uptick of +0.48% as shown in the chart. The price has been on a steady climb since late April, recovering from a dip around $2.30. Over the past 24 hours, it ranged between $3.3505 and $3.4992, with a trading volume of 70.85M SUI (worth $244.24M USDT), indicating strong market activity. 📊
The 1-day chart displays a clear uptrend with higher highs and lows, supported by increasing volume bars, suggesting sustained buying interest. However, the price is approaching a key resistance level around $3.50-$3.60, which has historically acted as a ceiling (as seen in late April). A breakout above this could push SUI toward $3.87, a level highlighted in recent posts on X as a potential target. On the downside, support lies near $3.30, aligning with the 24-hour low. 🔍
SUI’s recent performance aligns with broader market sentiment for the token, which has been largely bullish. This is driven by its strong fundamentals as a Layer-1 blockchain, with features like zkLogin and high scalability, alongside rumors of a Pokémon Web3 partnership fueling interest. However, a $265M token unlock scheduled for May 1, 2025, could introduce sell pressure, as noted in recent analyses. Investors should watch for volume trends and price action around these key levels to gauge the next move. 🚀💡
#SaylorBTCPurchase #StablecoinPayments
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.