I'll put the data here first: In the last 24 hours, it fell 4.889%, and the low was smashed to 0.8088.📉
I’ve gone over the numbers several times. The volume is 119 million—not huge, but not small either. The key is that this level is a bit interesting— the 0.80 integer support is right at our feet. In previous times it reached near here, people kept stepping in to pick it up.
In a few big V groups, they’re discussing that the $SUI ecosystem’s recent DEX trading volume is decent, but it can’t beat the broader market dragging things down. Community sentiment is clearly being scared—everyone’s asking whether to cut (sell) now.
Plainly put, this is a sentiment-driven market right now, with fear in control. But on the other hand, when it drops to the point where nobody dares to speak up, it’s often not far from a short-term bottom. I’m not telling you to buy the dip—just that chasing shorts from this level doesn’t really offer good value.
Look at a few “smart money” addresses—there hasn’t been much movement. Either they’re waiting, or they’re pretending to be dead.🤔
Which coin are you watching? Let’s chat in the comments.
$SUI #行情分析 #On-chain data
I’ve gone over the numbers several times. The volume is 119 million—not huge, but not small either. The key is that this level is a bit interesting— the 0.80 integer support is right at our feet. In previous times it reached near here, people kept stepping in to pick it up.
In a few big V groups, they’re discussing that the $SUI ecosystem’s recent DEX trading volume is decent, but it can’t beat the broader market dragging things down. Community sentiment is clearly being scared—everyone’s asking whether to cut (sell) now.
Plainly put, this is a sentiment-driven market right now, with fear in control. But on the other hand, when it drops to the point where nobody dares to speak up, it’s often not far from a short-term bottom. I’m not telling you to buy the dip—just that chasing shorts from this level doesn’t really offer good value.
Look at a few “smart money” addresses—there hasn’t been much movement. Either they’re waiting, or they’re pretending to be dead.🤔
Which coin are you watching? Let’s chat in the comments.
$SUI #行情分析 #On-chain data