Coin Analysis: Sui (Sui)

As a representative of the new generation of high-concurrency Layer-1 public chains, SUI has recently entered a deep correction along with the broader market after experiencing a previous ecological explosion. Hit by the dual pressures of token unlocking and market deleveraging, the current price is bottoming out at a low level around $0.68 USD, with a weak overall technical trend.

Cycle Phase: Currently in the mid-term deep retracement and range-bottoming phase.

Support and Resistance: The key psychological and technical support level below is around $0.65 USD. If it breaks, it may test a lower starting point. The main short-term resistance above is at $0.75 to $0.80 USD.

Market View: SUI faces significant selling pressure in the short term, especially with the upcoming monthly token unlocks (such as the large release in early July) leading to dilution expectations in the market. However, its ecosystem has not stalled. Recently, the network has gradually shifted towards developing institutional-grade compliant stablecoin infrastructure, and its adoption of the Move language and parallel execution capabilities still hold technical advantages. Currently, capital is washing out retail floating positions. In the medium to long term, it is still necessary to observe the stabilization and recovery of on-chain Total Value Locked (TVL).

Disclaimer: This article is for reference only and does not constitute any investment advice. Cryptocurrencies are highly risky. Please conduct your own research and evaluate carefully before investing.

‍#公鏈生態 #Move語言 $SUI