SUI – The Dark Horse Layer 1 (-1.1%)

📊 Current Price: $2.7868 | 📈 ATH: $3.24 | 💎 Key

Differentiator: Move Language

🔍 Technical Breakdown

Critical Levels:

Support: $2.65 (volume node)

Resistance: $2.95 (June high)

Breakout Target: $3.50+

Volume Analysis:

$120M daily (87% spot)

Binance dominates 65% of flow

🚀 Growth Drivers

SUI V2 Upgrade (August)

Parallel execution improvements

EVM compatibility bridge

Gaming Partnerships:

12 AAA game studios building on SUI

Play-to-earn boom in Asia

DeFi Expansion:

TVL grown from $80M → $380M in 2024

NAVI Protocol (SUI's Aave) seeing 90% APYs

📊 On-Chain Metrics

Circulating Supply: 1.2B/10B

Staking: 34% of supply (8.2% yield)

DApp Activity: 420K daily transactions

🎯 Trading Plan

Accumulation Zone: $2.65-$2.80

Short-Term Target: $3.20

Long-Term Hold: $5+ if V2 delivers

Risk Management: Stop at $2.50