$SUI This set of daily candles is finally not the “tap it up then it drops” kind of rhythm.
On the same Binance Spot page, over the past 24 hours the price is up about +16.71% and the trading volume is about 185 million USDT. The daily chart has been grinding around the 0.7 area for a long time, and recently this upward move has also pulled volume back with it.
What I’ll be watching for isn’t a straight new push higher, but the acceptance after a pullback. If the daily chart falls back into the previous dense zone and volume can’t keep up, then the strength of this round will have to be discounted.
For spot observation—this isn’t a chasing-rally prompt. A high-level pullback, fading volume, and reversals in the news can all come very quickly.
Do you think this move looks more like a trend that’s just starting, or like sentiment pushing the candlesticks too aggressively?
$SUI #BinanceSpot #Public chain observation
On the same Binance Spot page, over the past 24 hours the price is up about +16.71% and the trading volume is about 185 million USDT. The daily chart has been grinding around the 0.7 area for a long time, and recently this upward move has also pulled volume back with it.
What I’ll be watching for isn’t a straight new push higher, but the acceptance after a pullback. If the daily chart falls back into the previous dense zone and volume can’t keep up, then the strength of this round will have to be discounted.
For spot observation—this isn’t a chasing-rally prompt. A high-level pullback, fading volume, and reversals in the news can all come very quickly.
Do you think this move looks more like a trend that’s just starting, or like sentiment pushing the candlesticks too aggressively?
$SUI #BinanceSpot #Public chain observation
