On-chain data is erupting
The price, however, is playing dead
SUI's explosion is just a spark away!
News front: The ecosystem is fierce as a tiger, but the price is slow as a turtle.
Stablecoin Surge: SUI chain stablecoins have risen from 400 million to 1.2 billion since January, with user trust and capital inflow confirmed, but the price has yet to fully reflect this wave of growth.
TVL surges into the top three globally: Total locked amount skyrockets to 1.8 billion dollars, crushing most non-EVM chains, with lending protocol SuiLend soaring 90% month-on-month, creating explosive on-chain profit effects.
Whales are secretly positioning: Institutions like Galaxy Digital are quietly accumulating, while SUI spot continues to see net outflows, suspected to be a washout for the next wave of buildup.
Technical perspective: Firmly defend the support zone; breaking 3.3 dollars will lead to takeoff.
Key position: Current price 2.75 is close to strong support; if it holds, there’s hope; the upper 3.3 is the boundary between bull and bear; breaking it will trigger a short squeeze, aiming straight for 4 dollars.
Indicators clashing: MACD golden cross and red bars are expanding, but RSI is only at 41, with volume fluctuating, indicating a tug-of-war between bulls and bears.
Historical script: Around 2.8 dollars, the price has previously built a bottom and rebounded three times; if it stabilizes this time, it may replicate the 70% surge in a single week from May.
Operation summary
Spot traders: Accumulate in batches at 2.65-2.78 on dips, set a stop loss below 2.65, and increase positions on a break above 3.3.
Contract traders: Don't chase long positions before breaking 3.3, wait for a sharp drop to support levels to bet on a rebound, and set tight stop losses.
Ambush party: Waiting for tonight's US 4-week Treasury yield announcement; if lower than expected, macro benefits could become a trigger for SUI!
On-chain wealthy are frantically recharging, yet the price remains stagnant—Is it a trap or a golden pit?
