#sui链 1. Technical Analysis SUI/USDT (4H)
Current Condition:
Price: 2.0669 USDT
The price is moving sideways in a narrow range between PDH (Previous Day High) and PDL (Previous Day Low).
The price is below the equilibrium area and EMA, indicating that selling pressure is still dominant.
Important Levels:
PDH (Nearest Resistance): ±2.11
PDL (Nearest Support): ±2.02
PWH (Previous Week High): ±2.44 – potential target if a bullish rally occurs.
PWL (Previous Week Low): ±1.63 – bearish target if a breakdown occurs.
Market Structure:
BOS (Break of Structure) has occurred, indicating a transition from bullish to bearish.
CHoCH (Change of Character) indicates that sellers are starting to take control.
The market is currently in a reaccumulation or local distribution phase, waiting for a breakout from PDH or PDL.
Trading Scenarios:
Bearish Scenario: If the price breaks and closes below PDL, then the potential to drop towards PWL area (±1.63).
Bullish Reversal: If the price can reclaim PDH and equilibrium, the potential to rise to PWH area (±2.44).
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2. Fundamental Analysis SUI (Sui Network)
About SUI:
SUI is an L1 blockchain from Mysten Labs designed for high scalability and instant transaction speeds, supported by the Move programming language (same as Aptos). Its main focus is on efficiency and user experience for Web3 applications.
Fundamental Factors to Consider:
Token Unlock: SUI has a major token unlock schedule in 2024-2025, which could cause selling pressure if not compensated by adoption and demand.
Ecosystem: Many DApps are still in the early stages. Adoption will significantly affect the price.
Investors: Backed by a16z and several major VCs, but profit-taking by early investors could exert pressure.
Market Sentiment: SUI tends to move in line with altcoin and Bitcoin sentiment. Currently, if BTC is weak, SUI is likely to correct as well.
Partnerships and Upgrades: Any major news related to collaboration with major projects or upgrades to the Move technology could be a positive catalyst.
