News aspect: After the hacker attack, confidence recovery is key.
Black swan event severely impacts the ecosystem.
On May 22, the leading DEX in the SUI ecosystem, Cetus, was attacked by hackers, resulting in a loss of approximately 223 million USD (an additional 63 million USD was transferred to Ethereum via cross-chain bridges).
Chain reaction is severe: SUI price plummeted 15% within 24 hours (from 4.2 USD to 3.6 USD), ecosystem tokens (like CETUS fell 40%, some meme coins dropped over 80%).
Sui validators froze 162 million USD of the hacker's assets through a transaction refusal packaging mechanism, and Cetus offered a 6 million USD reward for resolution.
The Sui chain itself was not attacked, and TVL remains at 1.92 billion USD (before the incident it was 2.13 billion), with DEX trading volume briefly surpassing Ethereum in 2024.
Technical upgrades continue to advance: the security mechanism of the Move language is affirmed, and the Mysticeti V2 upgrade may enhance performance.
Technical aspect: divergence rebound is weak, middle track determines bullish or bearish.
Key positions and signals
Support: 2.25–2.40 USD Resistance: 3.0 USD, 3.4 USD.
Bottom divergence confirmed: price hits a new low of 2.21 USD, but RSI/MACD rises, indicating weakening bearish momentum, increasing the probability of a short-term rebound.
First pullback after the Bollinger Bands narrow: if the rebound fails to break through the middle track at 3.4 USD, a second bottom test may occur.
MACD momentum is insufficient
Golden cross trend has not formed, bar line is close to the zero axis (0.0037), reflecting weak rebound momentum.
Operation summary: lightly test the waters, quick in and out!
Aggressive strategy (30% position)
Current price around 3.64, lightly enter for a rebound, stop loss set at 2.20 (to prevent a breakdown), target 3.0 → 3.4 USD (hold if it breaks through the middle track).
Conservative strategy
Wait until it stabilizes at 3.4 USD or MACD golden cross + increased volume to re-enter; if it breaks below 2.25, then wait to accumulate below 2.0 in batches.#山寨币热点 $SUI
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