L1 segment gaining strength! #sui A week-long explosive rally of 30%, and the $1 mark is facing a big test 🚀

Recently, the public chain sector has seen a rebound in momentum. SUI has directly broken out with a particularly impressive run, drawing considerable attention from many funds. As of now, SUI has surged nearly 14% in the past 24 hours, daily trading volume has jumped 26% sharply, and open interest (OI) has risen in sync by 21%—the signal of a bull offensive is clearly visible. Looking at the entire week, the gain has already climbed to 30.2%. Many analysts believe this行情 is driven by a batch inflow of funds into Layer1 assets.

📈 Recap of the trend: After a deep dip, a strong counterattack

Let’s roll the timeline back to August. SUI once put on a rapid surge—within just 5 days, it jumped from $0.635 to $0.954, a gain of over 50%. After topping out, it entered a pullback, with the low dropping to $0.673, which lines up right near the 78.6% Fibonacci retracement level.

The good news is that at this level, there is strong buying support; the price hasn’t continued to dip. It has now started a recovery move, and the bulls are again pushing toward the previous high of $0.954. Previously, from June to August, price was stuck around $0.7 in a long period of sideways consolidation. This current rally has directly broken that long-standing range. From a technical perspective, the upside targets are $1.03 and $1.15. The sell-pressure zone around $0.85 has barely acted as a barrier, and buying power is very strong.

⚠️Key level to watch: beware of a fake breakout trap in history

Now, everyone’s attention in the market is focused on the psychological level around $1. The $0.95–$1.05 range is the key battlefield zone for bulls and bears. Here’s a warning bell: back in May, SUI surged above $1.05, and it was a typical fake breakout. After spiking, it quickly dropped. People who chased the price got trapped.

So even if the price is rising strongly right now, you still can’t blindly go long. On the 4-hour timeframe, the RSI has already entered the overbought zone. The short-term upward momentum is a bit stretched. If the broader market suddenly dumps, it’s easy to see a repeat of the same fake breakout storyline from before.

💡Short-term idea: don’t rush to take a heavy position—wait for confirmation of the signal.

For short-term traders, the current position is rather delicate. If you’re already holding, you may consider taking profit in batches—sell a portion of your gains and don’t hold on stubbornly betting on a single upside move.

A steady approach is to wait for an effective breakout above the key supply zone at $1.05. Then, after a pullback into the $0.95–$1.05 range and the price holds steady there, and once you confirm that resistance has turned into support, consider a second entry. If it can’t push through, then this area will become strong resistance and you may see another round of pullback at any time.

📝Final summary

Overall, the Layer1 sector has strong capital support, and combined with the current technical pattern repair, SUI has enough upward momentum. There is indeed room for imagination above. But the area above $1 is a major historical resistance zone—don’t forget the lesson of that prior fake breakout.

Crypto market conditions change in an instant. Even if indicators look great, they can’t guarantee a breakout will definitely happen. The above is only an exchange of views on market conditions—**it does not constitute any investment advice**. Altcoins can be extremely volatile, so always manage your position size and keep risk control as the top priority.#比特币市值超越特斯拉