Chain of fire
The price of the currency is stagnant
SUI’s tearing market hides the spark of a Jedi counterattack!
News: Security concerns
Aftermath of the security incident:
The price crashed after a hacker attack in May and has since partially recovered, but market confidence remains fragile.
The foundation urgently froze the stolen funds and provided compensation, but it will take time to rebuild trust in DeFi security.
Technical analysis: The life and death line is 2.80, the decisive battle between bulls and bears is imminent!
Key Locations:
The current price of 2.90 is close to the lowest point of the year at 2.80, and it may fall to 2.50 if it breaks.
Heavy resistance: 3.20 is the first barrier for rebound, and the 4.00 iron top needs to be broken through with large volume.
Divergence Signals:
MACD shows a false golden cross, but a bottom divergence is brewing at the weekly level, and a change in the market is imminent.
Be patient and wait for the opportunity, and you will be struck back by a sudden breakthrough!
Scene action: Hold 2.80, try long with a light position, target 3.20
If the volume breaks 2.80, stop loss and chase the short position, the target is 2.50. If it breaks 3.20, increase the position and chase the rise, the target is 4.00.
2.80 is not only a price support, but also a belief line for bulls and bears - if you can hold on to it, you will be reborn, but if you can’t hold on to it, you will sink into eternal damnation!