#SUI🔥 sui Why didn't this wave rise as expected along with mainstream coins? First, let's review Sui's recent performance:

On Tuesday, stimulated by significant positive news from institutional investors regarding the Sui ecosystem, SUI surged directly by 7.4% during trading. For the past few weeks, it has been testing the range of 3.90 - 4.00 USD back and forth, until it briefly broke above 4 USD in July.

Since the recovery in the second quarter, SUI has basically been fluctuating between 2.33 - 4.00 USD, and two weeks ago it even touched 4.44 USD, setting a new seven-month high. However, for most of the time, it has been stuck in the median area, repeatedly failing to break through 4 USD.

At the beginning of August, it experienced a significant correction, falling 27% from the local peak, but last weekend it began to rebound, rising 20% from this month's low, and in the past 24 hours it has increased by 6.65%, currently fluctuating around 3.90 USD.

On August 12, large digital asset company Grayscale Investments announced the launch of two new trust products, expanding its Sui ecosystem product line. Earlier this year, they had just launched the Grayscale Sui Trust, which saw its net asset value soar by 44% as soon as the announcement was made.

The new products are called Grayscale DeepBook Trust and Grayscale Walrus Trust, designed to allow investors to directly participate in the tokens (DEEP and WAL) of two important protocols within the Sui ecosystem. Currently, these trusts are open for subscription daily to eligible accredited investors, consistent with Grayscale's other single-asset trusts.

Looking back in history, we can see that SUI's price movements particularly fit the "three drives" model — the price moves in three consecutive upward trends before reversing. From November last year to January this year, SUI went through a bullish three-drive; from February to April this year, it was a bearish three-drive.

Now, it may be going through the final segment of a bullish three-drive, and once it confirms a breakout above the resistance level of 4 USD, it might initiate a rebound, breaking through to a new high in the range of 5 USD to 7 USD.

As the bull market approaches, if you're unsure how to hold or increase your position, feel free to follow me for free, or message me, and I'll add you to the group chat.