๐ SUI: recovery or just a bounce?
๐ SUI lost US$ 0,65 and the drop was accompanied by liquidations of long positions. Support turned into a battleground.
๐ Now the token reacts and starts to retest the range of US$ 0,68โ0,70. Thatโs where the game gets interesting.
Hold this region and the recovery gains momentum. Lose it again, and the bounce may turn into only a pause before another wave of selling pressure.
๐งฉ Another detail: only 40,5% of the maximum supply is currently in circulation. The next unlocks remain on the radar and could increase pressure on the price.
๐ On the other side, the network is trying to gain traction with stablecoins, RWA, and initiatives aimed at the institutional market. DeFi activity and TVL, however, are still well below previous peaks.
โ๏ธ The point is simple: the chart tries to react, but the network data still needs to catch up.
๐ฌ Hype or trap? Can SUI hold this recovery?
๐ Technical Analysis
โน๏ธ ๐ฃ๐น๐ฒ๐ฎ๐๐ฒ ๐ธ๐ฒ๐ฒ๐ฝ ๐ถ๐ป ๐บ๐ถ๐ป๐ฑ ๐๐ต๐ฎ๐ ๐ถ๐ป๐ณ๐ผ๐ฟ๐บ๐ฎ๐๐ถ๐ผ๐ป ๐ฎ๐ป๐ฑ ๐ฒ๐ฑ๐๐ฐ๐ฎ๐๐ถ๐ผ๐ป ๐ฝ๐๐ฟ๐ฝ๐ผ๐๐ฒ ๐ผ๐ป๐น๐. ๐ช๐ฒ ๐ฑ๐ผ ๐ป๐ผ๐ ๐ฟ๐ฒ๐ฐ๐ผ๐บ๐บ๐ฒ๐ป๐ฑ ๐ฏ๐๐๐ถ๐ป๐ด, ๐๐ฒ๐น๐น๐ถ๐ป๐ด, ๐ผ๐ฟ ๐ถ๐ป๐๐ฒ๐๐๐บ๐ฒ๐ป๐.
๐ SUI lost US$ 0,65 and the drop was accompanied by liquidations of long positions. Support turned into a battleground.
๐ Now the token reacts and starts to retest the range of US$ 0,68โ0,70. Thatโs where the game gets interesting.
Hold this region and the recovery gains momentum. Lose it again, and the bounce may turn into only a pause before another wave of selling pressure.
๐งฉ Another detail: only 40,5% of the maximum supply is currently in circulation. The next unlocks remain on the radar and could increase pressure on the price.
๐ On the other side, the network is trying to gain traction with stablecoins, RWA, and initiatives aimed at the institutional market. DeFi activity and TVL, however, are still well below previous peaks.
โ๏ธ The point is simple: the chart tries to react, but the network data still needs to catch up.
๐ฌ Hype or trap? Can SUI hold this recovery?
๐ Technical Analysis
โน๏ธ ๐ฃ๐น๐ฒ๐ฎ๐๐ฒ ๐ธ๐ฒ๐ฒ๐ฝ ๐ถ๐ป ๐บ๐ถ๐ป๐ฑ ๐๐ต๐ฎ๐ ๐ถ๐ป๐ณ๐ผ๐ฟ๐บ๐ฎ๐๐ถ๐ผ๐ป ๐ฎ๐ป๐ฑ ๐ฒ๐ฑ๐๐ฐ๐ฎ๐๐ถ๐ผ๐ป ๐ฝ๐๐ฟ๐ฝ๐ผ๐๐ฒ ๐ผ๐ป๐น๐. ๐ช๐ฒ ๐ฑ๐ผ ๐ป๐ผ๐ ๐ฟ๐ฒ๐ฐ๐ผ๐บ๐บ๐ฒ๐ป๐ฑ ๐ฏ๐๐๐ถ๐ป๐ด, ๐๐ฒ๐น๐น๐ถ๐ป๐ด, ๐ผ๐ฟ ๐ถ๐ป๐๐ฒ๐๐๐บ๐ฒ๐ป๐.