$SUI sharply pulled back from 2.91 after a vertical surge, now testing the mid-support area near the 2.58–2.60 zone. The pullback appears healthy and controlled, paving the way for a strong continuation if bulls regain momentum. As buyers continue to hold above the previous low at 2.29, this area looks like a potential reload zone for trend traders.
📈 Long position setup
• Entry zone: 2.58 – 2.61
• TP1: 2.72
• TP2: 2.82
• TP3: 2.94
• Stop loss: below 2.53
Watch for confirmation of increased volume — this may be the calm before the next upward explosion.
#تحليل_سعر_عملة SUI
Current situation
The $SUI currency is witnessing
A gradual decline in recent days, with its price dropping from a level of $2.78 to around $2.61 over the past 24 hours, recording a decline of nearly 6% over the week.
1. Increasing selling pressure
* The influx of 44 million $SUI coins into the market negatively impacted the price.
* A nearly 21% decline from the peak in early May.
2. Important news affecting overall sentiment.
* 21Shares has submitted a request for approval from the U.S. Securities and Exchange Commission to launch a special #ETF fund for SUI.
* Concerns about a hacking incident that led to the theft of $160 million, raising questions about network security.
3. Project developments
* The #SUI blockchain is characterized by its speed, parallel execution capability, and security features supported by the Move language.
* The supply of stablecoins on SUI is approaching the billion-dollar mark.
In the short term, it appears that SUI may continue to face selling pressure as trading volume declines. However, there are some positive factors that could support a potential recovery:
* The request to launch an ETF could bring more institutional interest to the project.
* With Bitcoin retreating from the $110,000 level, the market may experience a season for altcoins that SUI could benefit from.
* The development of the SUI ecosystem and its adoption in decentralized finance could support long-term value.
Investors remain optimistic about the potential of SUI despite the current decline, especially with the development of the project's infrastructure and its increasing adoption in various future applications.
The information mentioned above has been researched and summarized through personal effort and does not constitute investment advice without conducting your own research.