$SUI analysis today with @EdgenTech
SUI is trading around $2.53, down slightly by ~2.8%/24h. The short-term trend is still weak as the price is below EMA20–50–200, RSI ~36 → not oversold but still under pressure.
Highlights:
TVL reaches ATH > $2.1B, DeFi & NFT ecosystem is growing rapidly.
Strong support ~$2.45, if held → can bounce to ~$2.75–2.82.
The team is actively expanding the dApp & Move ecosystem.
Risks:
If it breaks $2.45, it can fall to ~$2.30.
The general altcoin market is still weak → easy to be sold off.
Strategy:
Short trade: wait for a pullback above $2.50, stop below $2.40.
Long term: DCA cautiously, monitor token unlock & TVL.
Currently $SUI is in a sensitive area if it holds $2.45, the possibility of recovery will open; if it loses this level, prepare for a deeper test.
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