$SUI The current price is 1.187U, already below 1.2.
For the short term, use 1.15U as a reference risk level; if it falls below that, cut your losses.
The 6.08 million TPS achievement in July was made possible by programming tunnels and off-chain channels, while AI agents are seen as the next area of potential.
Also, Bullish has listed USDsui. Reserve yield will be used for buybacks, but no specific timeline has been announced yet.
【Bearish thesis】
The issue right now is that the upgrade narrative is already here, but real-world implementation is still a way off.
AI agents have yet to fully deliver, and there is no clear timeline for buybacks.
So it’s not that SUI has no story; it’s that the market is starting to demand that the story deliver.
If 1.15 doesn’t hold, the short-term outlook remains weak. If it does, there may be a chance for a recovery.
#sui