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Wait, is $SUI actually about to pull off a vertical send?
Everyone was focused on the consolidation around $0.92, but this daily candle just completely nuked the bears. We're sitting at $1.37 right now after tagging $1.42, and the price action looks incredibly aggressive. It's up nearly 30% today alone.
The 24h volume is huge at over 182M SUI, which tells me this isn't just a random pump. However, the order book is looking a bit top-heavy with 76% questions. This usually means a lot of people are looking to take profits at these local highs, so don't be shocked if we see a wick down to the $1.18 area to collect some liquidity before trying again.
If we flip $1.40 into support, there really isn't much stopping this from testing previous macro resistance. I'm watching that $1.06 level as the "must hold" zone to keep this bullish structure alive.
Are you guys chasing this or waiting for the inevitable cool off?
#GateSquareMayTradingShare #BTCBackAbove80K