$SUI
1. Price and Activity: The current price of SUI is around $3.80 – $3.90, with strong trading volume.
2. Resistance Level: The $3.90 – $4.00 level is a significant resistance. A breakout could occur up to $4.20 – $4.80 if it is crossed.
3. Support Level: The $3.15 – $3.30 level is a strong support that could provide a buying opportunity.
4. Fundamental Update: Developer activity on the Sui network and interest in DApps are increasing, leading to expectations of growth in TVL and improvements in long-term potential.
5. Price Forecast: If the $3.90 – $4.00 level is not crossed, the price may remain stable or slightly lower for some time. There is a possibility of moving up to $4.20 – $4.80 upon breakout.
6. Risk: There is significant selling pressure at $3.90 – $4.00. If rejection occurs from here, the price may drop to $3.20 – $3.30. Global news and regulations can also impact the crypto market.
Strategy for Traders:
* Short-term (1-2 weeks): If the price reaches $3.90
