Dragon King analyzes the subsequent trends of SUI and trading ideas.
Short-term trend
$SUI Recently, the SUI price rebounded from 2.1 USD to 3.7 USD, breaking through the 200-day moving average and the 3.5 USD resistance level, forming a descending wedge breakout. The technical analysis shows strong short-term momentum. If it successfully stabilizes at the 3.5 USD support, it may further challenge the 4 USD level and even test the previous high of 5.3 USD.
Pullback risk: Current RSI is close to 70 (overbought area), on-chain data shows profit-taking pressure increasing. If it falls below the key support of 3.27 USD, it may pull back to the 3.0-3.1 USD range.
Upward potential: If it breaks above 4 USD and stabilizes, the technical target can be seen at 5.0-5.3 USD (based on Fibonacci extension and historical resistance levels). Institutions predict a price range of 2.43-11.56 USD by 2025; after breaking key resistance, it may accelerate upwards.
Potential bearish factor: 320 million USD tokens will be unlocked before the end of 2025, which may trigger selling pressure; if the overall market turns bearish (like BTC correction), SUI may decline in correlation.
Long-term potential
Ecological development driven: SUI chain TVL breaks 2 billion USD, active accounts exceed 120 million, innovative applications such as BTCfi and Walrus storage network drive actual demand. If technological upgrades (like Mysticeti consensus) continue to enhance performance, prices may reach 14-40 USD by 2030.
Competitive pressure: Intensified competition with Solana and Ethereum's Layer 1, need to continuously track ecological landing progress.
Key fundamental driving factors: Technical advantages.
Sub-second transaction confirmation, 100,000+ TPS, Move language security attract high-frequency applications like GameFi and DeFi.
zkLogin function lowers user barriers, sponsorship transactions optimize the experience.
Ecological expansion
Significant growth in the BTCfi sector (accounting for 10% of TVL), the launch of the native stablecoin USDC enhances liquidity.
Cooperating with the Athens Stock Exchange and WLFI Treasury to explore traditional financial scenarios.
Token economy
Staking annual yield of 5-10%, circulation only 3.3 billion out of a total of 10 billion, long-term inflation is controllable.
Dragon King's trading strategy recommendations.
Short-term trading
Bullish strategy: Entry point: 3.27-3.5 USD support zone.
Target level: 3.95 USD first resistance, 4.2-4.4 USD after breakout.
Stop-loss level: Strong support below 3.0 USD.
Short position hedge: If it falls below 3.27 USD, can lightly short, target 3.0 USD, stop-loss at 3.5 USD.
Medium-term holding
Conditions for increasing positions: Price stabilizes above 4 USD and TVL continues to grow, target 5.3-7.8 USD.
Risk control: Dynamically track token unlocking events at the end of 2025. If selling pressure appears, take partial profits.
Long-term investment
Core logic: Betting on the SUI ecosystem to become the leader in Web3 infrastructure, focusing on BTCfi adoption rate and cross-chain bridge progress.
Regular investment strategy: Gradually build positions in the range of 2.5-3.0 USD during pullbacks, stop-loss at 1.8 USD.
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