SUI is now around 0.70, with about eight points coming in during the day—straight up into the breakout level near the previous high of the current round, right under the top of the 0.70-2 cycle. Are people on the square already shouting “break through” again? Don’t get carried away yet—listen to me finish.
The money really is coming in. In the spot market, net inflow is more than 20 million after three hours. Big orders: five K-lines and not a single one turned green—aggressive buy orders are pressing the sell orders down. For futures, buy-side order share is 67%, and whale accounts at 72% are still going long and adding positions. Volume is up to more than double the usual, and MACD golden cross signals are popping up—this bounce, I won’t argue with it. It’s real.
But whether this level is worth chasing—let’s break it down. Price is still trading below the 50-day and 200-day lines. This is a rebound within a downtrend, not a reversal. ADX is still lying in the transition zone—trend strength hasn’t really established. In the order book, the sell wall is nearly twice as thick as the buy wall. The moment it pops up, people start hanging sell orders to cap the price. Even worse, the on-chain leverage lending volume has nearly dropped to nothing in the past 12 hours—those borrowed funds that were propping up the rally aren’t there anymore. And circulating supply is only about 40%—a big chunk hasn’t been released.
All momentum indicators are already shouting “overbought,” and it’s just the last breath away from the high point. Chasing in here is basically handing money to the orders sitting above the price.
At this level, I’m not shorting it and I’m not chasing it. If you really want to get on board, wait for a pullback and see it hold steady. Once it holds steady, then this repair move is truly confirmed. If it doesn’t hold, then watch more and move less. First, lie low and see how the funds choose—don’t be the bag-holder.
#sui $SUI
The money really is coming in. In the spot market, net inflow is more than 20 million after three hours. Big orders: five K-lines and not a single one turned green—aggressive buy orders are pressing the sell orders down. For futures, buy-side order share is 67%, and whale accounts at 72% are still going long and adding positions. Volume is up to more than double the usual, and MACD golden cross signals are popping up—this bounce, I won’t argue with it. It’s real.
But whether this level is worth chasing—let’s break it down. Price is still trading below the 50-day and 200-day lines. This is a rebound within a downtrend, not a reversal. ADX is still lying in the transition zone—trend strength hasn’t really established. In the order book, the sell wall is nearly twice as thick as the buy wall. The moment it pops up, people start hanging sell orders to cap the price. Even worse, the on-chain leverage lending volume has nearly dropped to nothing in the past 12 hours—those borrowed funds that were propping up the rally aren’t there anymore. And circulating supply is only about 40%—a big chunk hasn’t been released.
All momentum indicators are already shouting “overbought,” and it’s just the last breath away from the high point. Chasing in here is basically handing money to the orders sitting above the price.
At this level, I’m not shorting it and I’m not chasing it. If you really want to get on board, wait for a pullback and see it hold steady. Once it holds steady, then this repair move is truly confirmed. If it doesn’t hold, then watch more and move less. First, lie low and see how the funds choose—don’t be the bag-holder.
#sui $SUI