#SUIUSD: (d1)

The exchange rate dropped slightly below $2.3 since the last post.

As a result, the bullish trend was lost, and the correction to 38.2% Fibonacci did not continue. The money flow indicator is in the bearish zone, but worse is that a wedge is forming, which may work out downwards. The situation is worsened by unlocks. The growth of the coin may resume closer to the end of the month.

According to Tokenomist, the largest single unlock this week will be shown by the SUI token — 44 million tokens worth $125.39 million, which accounts for 1.29% of the total unlock volume from June 30 to July 7. SUI rose to $3.09 against the backdrop of a $600 million infusion from Lion Group, and some analysts believe that the coin challenges Solana.

Profit to everyone, friends!$SOL