When the whole network is watching SUI's '4 dollar magic spell', on-chain data shows: the value anchor area 3.49 is being repeatedly tested, bears are reducing positions, and bulls are on the sidelines, the real turning point is just a volume K-line away.

[Key Interval Structure and Transaction Volume Distribution]
1. Value Anchor Area (POC): 3.4956, 210 million coins traded, Up/Down ≈ 41% vs 59%, bears slightly dominate.
2. Major HVN:
• 3.4827 (178 million) — short-term rebound buffer zone;
• 3.7401 (189 million) — heavy accumulation above, if broken with volume can directly attack 3.9.
3. Major LVN:
• 3.2639–3.3539 (sparse trading) — if the price falls below 3.43 it may quickly slide to 3.26;
• 4.06–4.18 (vacuum area) — breaking 4.06 will accelerate the movement towards above 4.2.
4. 70% Trading Volume Coverage Area: 3.431–3.933, current price 3.526 is at the midpoint of the range, neither overbought nor oversold, direction is undecided.
5. Momentum Verification:
• In the 3.49–3.53 area, Up Volume accounts for 41%, short-term still leaning bearish;
• In the 3.74–3.78 area, Up Volume is only 39%, heavy selling pressure above.
6. Bollinger Bands: Price is near the middle band (3.524), upper band 3.616, lower band 3.432, band width is narrowing, waiting for direction selection.
7. MA200: 3.723, deviation -5.3%, still in a descending channel in the medium term.
8. Contract Positions: 24h OI -2.9%, long-short ratio 2.81→2.62, bulls actively reducing positions, bears have not significantly increased, funding rate 0.01%, sentiment is cautious.

[Market Cycle Judgment]
In the oscillation bottoming stage of the medium-term downtrend, if it cannot re-establish above 3.74 in the short term (1-3 days), it will continue the rhythm of 'down - sideways - down again'; conversely, breaking 3.74 will lead to a daily rebound phase.

[Trading Strategy]
Aggressive Long Position: Pullback to 3.43–3.45 LVN with volume stop loss, entry at 3.448, stop loss at 3.408 (below HVN), target 3.74, risk-reward ratio ≈ 7.3:1.
Conservative Long Position: Wait for the hourly line to break above 3.616 (Bollinger upper band) and close above it, enter on pullback to 3.58–3.60, stop loss at 3.54, target 3.90, risk-reward ratio ≈ 8:1.
Short Position: If it breaks below 3.43 and LVN has volume (Down Volume > 60%), short at 3.425, stop loss at 3.465, target 3.26, risk-reward ratio ≈ 4.5:1.
Risk Control: Any strategy that reverses within the entry range in 15 minutes should be manually stopped; for major macro events (Federal Reserve meetings, sudden regulations), exit all positions and observe.

[LP Market Making Suggestions]
It is recommended to do narrow range LP in the 3.40–3.75 range:
• The lower edge 3.40 is a liquidity dense buy area (414k USDT), the upper edge 3.75 corresponds to the sell wall above;
• Recent range volatility has converged, and transaction fee income can cover impermanent losses;
• If the price breaks above 3.75 or falls below 3.40, immediately cancel orders and adjust the range to follow the trend.

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$SUI#热门币种暴涨行情分析