SUI under the microscope 🔍
The SUI coin is currently moving near the $1.02 area, following a wave of improvement in the market. The project is still seeing major developments within the ecosystem, including the launch of DeepBook, the expansion of Sui’s use in payments, and the development of the network’s infrastructure.
However, there’s one point to pay attention to: the token unlock schedule is ongoing, with periodic unlocks adding SUI to the circulating supply, which could create selling pressure on the price if supply increases in the market.
So is SUI for sale or for buying?
Instead of chasing the price, watch price action, trading volume, and support/resistance levels, while keeping track of token unlock dates.
SUI is a strong project in terms of development and activity, but the strength of the project alone doesn’t always mean the price will rise.
The most important question isn’t: Should I buy or sell?
Instead: Does the current price give me a suitable opportunity compared to the risks I’m taking?
$SUI
🥶🥶 #SUI #SuiNetwork #Crypto #BinanceSquare
The SUI coin is currently moving near the $1.02 area, following a wave of improvement in the market. The project is still seeing major developments within the ecosystem, including the launch of DeepBook, the expansion of Sui’s use in payments, and the development of the network’s infrastructure.
However, there’s one point to pay attention to: the token unlock schedule is ongoing, with periodic unlocks adding SUI to the circulating supply, which could create selling pressure on the price if supply increases in the market.
So is SUI for sale or for buying?
Instead of chasing the price, watch price action, trading volume, and support/resistance levels, while keeping track of token unlock dates.
SUI is a strong project in terms of development and activity, but the strength of the project alone doesn’t always mean the price will rise.
The most important question isn’t: Should I buy or sell?
Instead: Does the current price give me a suitable opportunity compared to the risks I’m taking?
$SUI
🥶🥶 #SUI #SuiNetwork #Crypto #BinanceSquare