$SUI SUI has experienced an appreciation of about +400% since the previous levels, due to catalysts such as the Grayscale report and a correction from FTX involving large amounts sold prematurely.
The Sui ecosystem continues to grow: total value locked (TVL) surpassed US$ 2.25 billion, with multiple DeFi partnerships (Momentum, Wormhole, OKX) and advancements like tBTC and xBTC lending.
New technical perspective: Cointelegraph analysts identify significant resistance between US$ 4.30–5.00 — if surpassed, it could initiate a new 'altcoin season'.
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🔍 Quick Technical Analysis
SUI recently broke the 50-day moving average (~US$ 3.10) and formed an 'inverse head-and-shoulders' pattern.
Main resistance: both in the range of US$ 4.30 and at US$ 4.00–4.20.
Immediate support: in the range of US$ 3.50–3.80; a drop below this would reinforce a bearish trend.
