SUI holds steady at $3.0, the bull charge has been sounded, the $4.0 high ground is in sight!
News Analysis
Ecosystem Explosion: SUI's DeFi ecosystem total locked value (TVL) surged 40% in one month, exceeding $1.65 billion, stablecoin scale surged 82% in two months to $879 million, payment integration with Mastercard launched in Europe, ecosystem's self-sustaining ability maximized.
Institutional Entry: Grayscale SUI Trust launched, large capital channel opened, combined with rumors of 'Pokémon collaboration' (not officially announced), market expectations are heightened.
Unlocking Risks: Market volatility intensified in June. If Bitcoin falls below $100,000, SUI may test the support at $2.71, watch out for short-term spikes.
Technical Analysis
Long vs. Short: Current price around $3.31, 4-hour chart shows higher lows, candlesticks are steady above the Bollinger upper band, golden cross emerging, but $3.36-$3.41 is a strong resistance zone (50EMA + Fibonacci retracement level), a volume breakout would open a path to $3.70.
On-chain Signals: Long contracts saw over $11 million liquidated in 24 hours, short positions surged, but spot support remains solid with multiple rebounds at $2.88 validating the bulls' determination.
Operation Summary
Holders: If it holds above $3.10, then hold, target $3.70; if it breaks $4.0, you can increase your position.
Entry Point: Buy in batches at $3.00-$3.10 on pullbacks, stop loss at $2.85; chase long if it breaks $3.41.
Risk Point: Keep a close watch on BTC market; if it drops below $100,000, reduce positions to avoid risks!
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