The market was quiet over the weekend for two days, but the expected golden buying opportunity never came. Instead, the broader market continued to bleed.
After BTC fell below 78,000, it continued to drift lower around 77,400. Liquidity in the market was clearly tightening. In this slow, grinding sell-off, the two assets we’ve been tracking diverged sharply.
SUI saw no panic selling after 14.35 million tokens were unlocked, and its price remained steady near 0.88. This directly confirms our earlier assessment: the dense concentration of tokens below 0.85 provides solid support. Technically, SUI is now at a level where a starter position could be considered, with the 0.85–0.87 range serving as a potential support zone. As long as it doesn’t decisively break below the previous low at 0.826, downside risk remains fully manageable.
By contrast, ENA, hailed as a “rising star,” has clearly yet to recover from the security incident and the large unlock in early November. Its price has steadily slid to around 0.172. In terms of risk-reward, it has entered a standard left-side trading zone, but catching the falling knife requires extra caution right now. There’s very little room for a stop-loss below, and 0.165, the previous low, is an absolute line in the sand. If it breaks below that level, you must exit without hesitation.
A slow grind lower while the market tries to find a bottom is the most mentally draining kind of price action. Markets rarely hand out easy gains when everyone is expecting the same thing. What matters now isn’t who dares to go all-in on a rebound, but who can control their position and strictly respect their stop-loss. Only by patiently weathering this period of market weakness can you stay in the game when a genuine reversal finally arrives.
After BTC fell below 78,000, it continued to drift lower around 77,400. Liquidity in the market was clearly tightening. In this slow, grinding sell-off, the two assets we’ve been tracking diverged sharply.
SUI saw no panic selling after 14.35 million tokens were unlocked, and its price remained steady near 0.88. This directly confirms our earlier assessment: the dense concentration of tokens below 0.85 provides solid support. Technically, SUI is now at a level where a starter position could be considered, with the 0.85–0.87 range serving as a potential support zone. As long as it doesn’t decisively break below the previous low at 0.826, downside risk remains fully manageable.
By contrast, ENA, hailed as a “rising star,” has clearly yet to recover from the security incident and the large unlock in early November. Its price has steadily slid to around 0.172. In terms of risk-reward, it has entered a standard left-side trading zone, but catching the falling knife requires extra caution right now. There’s very little room for a stop-loss below, and 0.165, the previous low, is an absolute line in the sand. If it breaks below that level, you must exit without hesitation.
A slow grind lower while the market tries to find a bottom is the most mentally draining kind of price action. Markets rarely hand out easy gains when everyone is expecting the same thing. What matters now isn’t who dares to go all-in on a rebound, but who can control their position and strictly respect their stop-loss. Only by patiently weathering this period of market weakness can you stay in the game when a genuine reversal finally arrives.