$SUI (#SuiNetwork)
🔻 Current Situation: expect a breakout in either direction.
🔻 Priority Target: $1.2 is the initial goal. The situation will need reassessment after that level.
🔻 Trend Break Point: A reversal pattern will be confirmed with price holding above $1.2 after a retest. Ideally, the price shouldn’t fall below $1 afterward.
🔻 Support Levels: In case of a downside breakout, the nearest support is $0.5 - $0.56.
🔻 Fundamentals: Strong downward pressure due to token unlocks. Large FDV market cap, weak ecosystem. However, there’s positive news emerging around #Grayscale, #SuiPlay0x1, offline transactions, etc.
🟢 Green zone = buying opportunities. 🔴 Red zone = selling or profit-taking zones. Watch for setups and price action in these key areas.
🔻 Priority Target: $1.2 is the initial goal. The situation will need reassessment after that level.
🔻 Trend Break Point: A reversal pattern will be confirmed with price holding above $1.2 after a retest. Ideally, the price shouldn’t fall below $1 afterward.
🔻 Support Levels: In case of a downside breakout, the nearest support is $0.5 - $0.56.
🔻 Fundamentals: Strong downward pressure due to token unlocks. Large FDV market cap, weak ecosystem. However, there’s positive news emerging around #Grayscale, #SuiPlay0x1, offline transactions, etc.
🟢 Green zone = buying opportunities. 🔴 Red zone = selling or profit-taking zones. Watch for setups and price action in these key areas.
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