Hello fellow coin enthusiasts! Today, let's ride the wave of a project with a name like a spring water brand: SUI. Not 'sui' as in 'bad luck', but Sui Blockchain – a Layer 1 platform developed by Mysten Labs, home to veterans who left Meta (Facebook). The project aspires to process transactions as quickly as a delivery person in the rain, and claims it can scale infinitely – sounds like some promises from Crust in an hour frame: 'Is it peak yet or will it go higher?'
The price is at 3.0274, up 3.36%, just breaking out of a strong psychological resistance.
RSI(6) and RSI(24) are both above 58–62, hovering in the overbought zone – like having taken the elevator to the 10th floor but still peeking at the roof.
MACD is standing still, DIF is slightly weak, similar to the mood of investors who took profits and then saw the price rise again.
Bollinger Band is moderately expanding, the candle is closely following the average line, signaling... a bounce? Or a drop? The market advises to stay calm.
1h: Sideways in a narrow range. The whales are taking a lunch break.
4h: The upward trend remains, creating higher peaks than the previous ones – just like the price of beef noodle soup in Saigon last month.
Daily: It seems to be setting the stage for a new breakout. If it surpasses 3.13 – a target of 3.4 is no joke!
The US is printing money more gently, but Fed interest rates are still like housing prices: high and no one wants to touch them.
Bitcoin is catching its breath after the Halving, dragging altcoins down as well – but SUI is quietly climbing like a student retaking an exam.
Gas prices are rising, SUI prices are also rising – not sure where the connection is, but traders call it 'the feeling of the universe'.
If SUI surpasses 3.13 USD, then 3.4 USD could be the next resting station. But if BTC sneezes, the whole coin market might tumble like dominoes – remember: cutting losses is civilized, taking profits is courageous.
For those holding SUI: Don't let your heart drop every time the coin falls. If you're playing, put on a condom so your wallet doesn't get infected.
Follow along to ride the peak and sell at the bottom.
