🚨 SUI has just broken out of a falling wedge— the real turning point is at $0.85. Bulls, don’t get too excited yet
Group: 点击进入玖玖的粉丝群
SUI has emerged from a small-timeframe falling wedge, which is the first step of a reversal—but it’s only the first step.
First, let’s talk about the chart. Analyst Giannis Andreou points out that breaking through the small wedge suggests that near-term selling pressure has eased and buyers are back in control. However, the larger falling wedge still sits overhead. Until it’s broken, this move can only be seen as a warm-up. After the real breakout, the three key levels to watch in sequence are $0.85, $1.10, and $1.35📈
Next, look at derivatives. Coinglass data shows SUI derivatives trading volume rose 25.87% to $1.21B, while open interest increased 9.76% to $775.94M. When both volume and open interest rise together, it indicates new capital is entering to build fresh positions—not old positions being traded back and forth.
Third, check on-chain activity. According to Sui Insiders, the cumulative number of transactions on this chain has reached 16.6 billion. That scale is already significant among public chains, suggesting real users are using it—not just a string of code inside exchanges. Sui is also pushing confidential transfers, aiming to let enterprises move payroll and supplier payments on-chain while keeping the amounts undisclosed.
Of course, some people argue that rising trades don’t necessarily mean the trend is up, and that an increase in open interest only suggests disagreement is growing—shorts might also be adding. That’s true: the data itself doesn’t tell you who’s winning. But an old public chain that’s often said to have “no ecosystem,” if it can have chart action, derivatives activity, and real usage all brought to the table at once, is more convincing than focusing on just one green candle.
What’s truly worth watching isn’t the $0.85 level alone, but whether this move can also take out the upper edge of the larger wedge💡 One camp says this is only a bounce during a downtrend; the other says the bottom structure is already in place. Which side are you on?
Click the avatar to watch the live stream + join the Jiujiu chat group to get daily strategies🚀
#SUI #公链 #cryptocurrency
Group: 点击进入玖玖的粉丝群
SUI has emerged from a small-timeframe falling wedge, which is the first step of a reversal—but it’s only the first step.
First, let’s talk about the chart. Analyst Giannis Andreou points out that breaking through the small wedge suggests that near-term selling pressure has eased and buyers are back in control. However, the larger falling wedge still sits overhead. Until it’s broken, this move can only be seen as a warm-up. After the real breakout, the three key levels to watch in sequence are $0.85, $1.10, and $1.35📈
Next, look at derivatives. Coinglass data shows SUI derivatives trading volume rose 25.87% to $1.21B, while open interest increased 9.76% to $775.94M. When both volume and open interest rise together, it indicates new capital is entering to build fresh positions—not old positions being traded back and forth.
Third, check on-chain activity. According to Sui Insiders, the cumulative number of transactions on this chain has reached 16.6 billion. That scale is already significant among public chains, suggesting real users are using it—not just a string of code inside exchanges. Sui is also pushing confidential transfers, aiming to let enterprises move payroll and supplier payments on-chain while keeping the amounts undisclosed.
Of course, some people argue that rising trades don’t necessarily mean the trend is up, and that an increase in open interest only suggests disagreement is growing—shorts might also be adding. That’s true: the data itself doesn’t tell you who’s winning. But an old public chain that’s often said to have “no ecosystem,” if it can have chart action, derivatives activity, and real usage all brought to the table at once, is more convincing than focusing on just one green candle.
What’s truly worth watching isn’t the $0.85 level alone, but whether this move can also take out the upper edge of the larger wedge💡 One camp says this is only a bounce during a downtrend; the other says the bottom structure is already in place. Which side are you on?
Click the avatar to watch the live stream + join the Jiujiu chat group to get daily strategies🚀
#SUI #公链 #cryptocurrency
