Family, Brother Yang is here to chat about the afternoon trend of SUI! From a technical perspective, SUI has formed an Elliott wave structure and is currently in the final phase of the fifth wave. It's like a running race, and we're now in the sprinting phase! If it can break through the historical high of $5.33, it would be like lighting a fire, potentially triggering FOMO emotions, and the price could directly surge to the $10 mark. But if it accidentally falls below $1.7200, those bullish predictions would vanish like a bubble, 'pop' and it's gone!

Looking at the Bollinger Bands, the price is above the middle band, but the bandwidth is narrowing, like standing at a crossroads, a direction must be chosen in the short term. The RSI is currently in the 60 - 70 range, neutral to strong. However, if it becomes overbought (>70), everyone needs to be cautious about profit-taking, just like after a harvest, the fruits need to be collected in time, so they aren't taken by others!

On the potential positive side, the U.S. SEC might approve the spot SUI ETF later this year, and if it gets approved, it would be like opening the floodgates for funds, bringing in more capital. VanEck predicts that the SUI price could exceed $10 by 2025, but to reach this target, the market cap needs to expand to $29.3 billion, which is no small goal, so we need to work hard!

Brother Yang suggests an operational strategy: consider going long around $3.8300 - $3.8800, with the first target looking at $3.9650, then pushing towards $4.1000. However, the market is turbulent, so everyone should proceed with caution, set good stop-losses, and don't get thrown off by this wild horse of a market! #SUI🔥