Surging 10%! 40 million USD on the brink of a sell-off, will SUI break through or reach a new high?
This morning, I opened the trading software, and SUI's skyrocketing performance directly broke through the 4.0 USD resistance, with a 24-hour surge of 10% waking up the retail investors. But looking closely at the market, the manipulator's antics have just begun—early in the session, it spiked to 4.01 USD and was instantly slammed back to 3.96 USD, a typical 'pump for three minutes, consolidate for three hours' scenario. The current price is repeatedly hovering around 3.95 USD, with both bulls and bears waiting for the other to reveal their cards first.
1. On-Chain Anomalies
This data from CoinGlass gives one the chills: within 24 hours, SUI's net inflow to exchanges reached 39.98 million USD, which is not a volume that retail investors can generate. According to experienced investors, a massive uptick typically indicates that whales are moving funds to exchanges, likely preparing for high-position cash-outs. But don't panic just yet; currently, the total net long position across the network is 80 million USD, overwhelming the shorts, suggesting that the leveraged traders are still fighting hard. If the manipulators are to explode, they must first pump before they can dump.
2. Technical Analysis
The four-hour chart shows a textbook-level breakout—SUI bounced off the 3.8 USD support, and although the MACD golden cross looks weak, the manipulators are forcefully pushing up despite the RSI being at 75, indicating overbought conditions. The key focus now is the psychological barrier at 4.0 USD; if it stabilizes above, reaching 5.65 USD is not a dream, but if it gets pushed down by the bears to below 3.8 USD, the market could teach a harsh lesson.
3. Positive Ecosystem News
In the early hours, news broke that Meta is restarting its stablecoin plan, and the tech giants from the former Diem team are now involved in the SUI ecosystem, which significantly boosts market expectations.
4. Better to Wait for a Pullback than to Chase
For spot traders, remember three points: 1. Buy on a dip to 3.6 USD with closed eyes; 2. If it breaks through 4.15 USD with volume, you can make a small buy; 3. Immediately stop loss if it drops below 3.7 USD. Contract traders should watch today—there's a dual explosion package set around 4.0 USD, and the manipulators are waiting for you to take the bait. Remember, this market favors those who are bold enough to hold and punishes those who act recklessly; holding onto your spot and waiting for the right moment is better than anything else.
Feeling lost? Can't find a way out?? Comment to receive support from a top-tier team.
I am Fengyun, supported by a top-tier team; only those in resonance can gather together! (Serious inquiries only)
