$SUI is $1.27 today. Down 4.9% in 24 hours after a monster rally from $1.05 to $1.38. This is the pullback I was waiting for


$SUI ‌
The catalysts are still intact. A Nasdaq-listed company staked 108.7 million SUI tokens. Paga, a Nigerian fintech processing $11 billion annually, announced SUI integration for dollar accounts. CME SUI futures launched May 4. Three US staking ETFs are live. DeFi TVL hit $2.6 billion.
The volume today is $1.15 billion. That is healthy consolidation volume, not distribution. The $1.20 level is now support. Hold above that and the next leg targets $1.50. Lose it and we retest $1.10. But the volume profile says this was profit-taking from the 31% move, not a reversal.
Privacy transactions are coming to SUI later this year. Confidential DeFi is a massive narrative and SUI is positioning at the center. The market cap is $5.07 billion. Ranked number 6. This is not a micro-cap gamble. This is a top-tier L1 with real adoption.
My plan is simple. Watch $1.20. If it holds through tomorrow, I start scaling in. The risk-reward at $1.15 to $1.20 is the best it has been since the breakout. The institutions that bought the Nasdaq staking news are not selling here. They are holding for the next leg.
Do not chase the top. Wait for the pullback to come to you. $1.20 is the zone
#sui
#WCTCTradingKingPK
SUI-4.45%
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