Expert opinion: bearish #SUI

The SUI Foundation responded to the allegation that "SUI insiders sold 400 million tokens in the market rally". They denied these unfounded rumors and said that it might be a normal operation of infrastructure partners.

SUI has performed well, setting new highs in total locked value and processing more transactions than other EVM-compatible blockchains.

Although it has reached a new high, coinciding with HVN, nPOC and the 4-hour demand zone, there is now selling pressure. The key support level is $1.70. If it falls below, it may fall back to $1.30, causing liquidity squeeze. #内容挖矿 Follow me! Get more expert opinions!