[If SUI drops below 0.97 tonight, how many people can hold back from cutting?]
To be honest, I spent the whole day watching the charts today. It’s not because SUI has been rising that sharply—47% in 7 days is impressive—but what really set off my alarm is another signal: trading volume is unusually amplified, exceeding 5% of market cap.
What does this signal mean?
Let me put it into plain language: someone is coming in and out in large amounts. Not the kind of small-scale trading—this is real money changing hands. The question is: behind the turnover, is it the same group doing high-sell, low-buy, or is new capital coming in to take over the bag?
Don’t jump to conclusions yet. SUI is currently stuck at 1.02. Support is at 0.97, resistance at 1.06. The direction will be chosen within these few days. But the price itself isn’t the main point—the main point is: when this actually plays out, what does it mean in practice?
Recently, I’ve heard quite a few people discussing the M87 ecosystem and the growth of SUI’s TVL. I didn’t verify the exact numbers, so I won’t make things up. But one undisputed fact is: SUI is down 81% from its ATH. Anyone entering at this level is either betting on a reversal, or they’ve pinned their hopes on something.
Which type is more common? I don’t know. But this combination—surging volume plus price moving sideways—is something I’ve seen before, in 2017 and again in 2021.
So what’s my mindset right now? Watching from the sidelines. Am I tempted? A bit. But that old wound from the 2021 time when people got rich overnight and then gave it all back is still there. It reminds me: talk the hardest, trade the steadiest—that’s what an experienced old leek should look like.
How long can this move last? I don’t have the ability to predict. But I do know this: when everyone starts asking that question, it often means—time to figure out your exit plan.
What’s your mindset right now? Are you willing to jump in this move?
To be honest, I spent the whole day watching the charts today. It’s not because SUI has been rising that sharply—47% in 7 days is impressive—but what really set off my alarm is another signal: trading volume is unusually amplified, exceeding 5% of market cap.
What does this signal mean?
Let me put it into plain language: someone is coming in and out in large amounts. Not the kind of small-scale trading—this is real money changing hands. The question is: behind the turnover, is it the same group doing high-sell, low-buy, or is new capital coming in to take over the bag?
Don’t jump to conclusions yet. SUI is currently stuck at 1.02. Support is at 0.97, resistance at 1.06. The direction will be chosen within these few days. But the price itself isn’t the main point—the main point is: when this actually plays out, what does it mean in practice?
Recently, I’ve heard quite a few people discussing the M87 ecosystem and the growth of SUI’s TVL. I didn’t verify the exact numbers, so I won’t make things up. But one undisputed fact is: SUI is down 81% from its ATH. Anyone entering at this level is either betting on a reversal, or they’ve pinned their hopes on something.
Which type is more common? I don’t know. But this combination—surging volume plus price moving sideways—is something I’ve seen before, in 2017 and again in 2021.
So what’s my mindset right now? Watching from the sidelines. Am I tempted? A bit. But that old wound from the 2021 time when people got rich overnight and then gave it all back is still there. It reminds me: talk the hardest, trade the steadiest—that’s what an experienced old leek should look like.
How long can this move last? I don’t have the ability to predict. But I do know this: when everyone starts asking that question, it often means—time to figure out your exit plan.
What’s your mindset right now? Are you willing to jump in this move?