SUI Five-Minute K-Line Full Commentary
The cryptocurrency market is like a battlefield, where patience is key in the long and short game.
Today, SUI is stuck between 2.1645 and 2.2158, playing the "elevator market"; this oscillation range has already formed 6 K-lines.
Latest on-chain data shows that a certain whale address stealthily increased its holding by 2 million SUI near 2.1645 in the early morning, but the market seems to be under a freeze spell—this plot is even more intense than "Squid Game."
Latest news triplet:
1. The South Korean exchange Bithumb has just announced that the trading volume for SUI/KRW has surged by 300%.
2. The kimchi army may have placed buy orders for SUI near 2.1645, as the SUI Foundation announces a partnership with a certain blockchain gaming platform.
3. The GameFi narrative is starting to ferment; tech enthusiasts take note! The weekly MACD has formed a golden cross, and medium-term players are beginning to accumulate.
Looking at the five-minute chart, the current price is balancing on 2.1645, but three moving averages above 2.20 are twisted together like a braid, especially at the 2.2158 position, where it was rejected three times yesterday. The trading volume has shrunk to 60% of the weekly average, clearly indicating that large funds are waiting for direction signals.
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