$SUI On-chain data reveals a reversal signal, the $3.9 support line faces a big test tonight!
1. Latest technical analysis! Three signals!
1. MACD bearish momentum weakening: DIF and DEA are still below the zero axis, but DEA has crossed above DIF creating a 'potential golden cross', MACD histogram negative values are narrowing, and the downward momentum is clearly diminishing; it needs to be observed whether it can hold above the zero axis.
2. Moving average pressure remains a challenge: MA5 and MA10 are clearly in a bearish arrangement, and a rebound to this area will encounter concentrated selling pressure from trapped positions. Without volume, it is hard to break through; increased volume is key.
3. Contradictions in trading volume hide potential changes: actual transaction volume (1.04 million) is at a freezing point, but estimated transaction volume (54.71 million) is high, indicating that funds are still on the sidelines, and a change is imminent.
2. Latest dynamics in on-chain data and news!
1. SUI ecosystem TVL recently increased by 12%, but whale transfers to exchanges increased by 5% in 24 hours, reflecting that large holders are reducing positions during the rebound, creating a game with retail investors.
2. The number of active addresses on the mainnet is steadily increasing, and the underlying ecosystem support remains.
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