$SUI

In recent days, SUI has seen a significant rise, and there are a few important news items to pay attention to. On May 1st, SUI worth $260 million is set to be unlocked, along with the announcement of the number of initial jobless claims in the U.S. for the week ending April 26th.

The recent surge in SUI can be analyzed lightly by Ni Ni. SUI shares many similarities with SOL, which has raised over $314 million, and SUI has also raised over $300 million. Both have A16Z as investors, which are top-tier investors, naturally providing top resources. After all, if a market maker wants to drive the price up, costs are unavoidable. If the funds in a project’s pool are not substantial, it indicates that the strength and narrative resources are also lacking. Furthermore, SUI's performance is highly correlated with Bitcoin's performance; following the leader often does not go wrong.

From a weekly chart perspective, SUI has entered a bullish formation and can be entered with a light position. As it breaks through the upper resistance level, one can increase their position. The upper resistance level is approximately around 3.8-3.85, and once it breaks, the next target will be in the range of 4.1-4.3.

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