Early morning on the 25th, Brother Yang is here to chat about SUI's market—

Right now, SUI is hovering around $3.70, testing the waters at the rising trend line support level of $3.40-$3.70. This position is crucial; if it falls below $3.40, the ascending triangle pattern formed since June might break down, and the downtrend could intensify.

Looking at the indicators is quite interesting: MFI is stuck at 48.75, neither up nor down, with bulls and bears battling it out; if it really drops below 40, selling pressure could surge. RSI has also retreated from the overbought zone, and it’s quite tough to pull in buying pressure in the short term.

Moreover, it’s worth noting that they release tens of millions of tokens weekly, which poses potential selling pressure; previously, from April to May, the trading volume on the ecological DEX surged to $14.1 billion, but it has visibly dropped since June, indicating a significant decline in ecological activity.

Now is a critical moment for the battle between bulls and bears. Brother Yang suggests not to rush into action early in the morning; wait until the key level is broken before making a move. Strategically, keep an eye out: if it surges, you could consider shorting around $3.8200-$3.7800, first looking at $3.7000 and then down to $3.6500. The market could be quite volatile right now, so don’t fixate on the strategy; responding flexibly to the market is what really matters~#SUI🔥