#SUI# – On-chain Power, Technical Empowerment

🔍 General Overview:

SUI is a high-performance Layer-1 blockchain developed with the Move language. Current on-chain statistics and technical structure may indicate a potential price breakout.
• Price: $3.80
• 24 Hour Change: −%0.09
• Daily Volume: $400M+
• Total TVL: $650M+

📊 Technical Analysis

In the daily SUI/USDT chart, the price has been trapped within a symmetrical triangle formation for a while. This increases the likelihood of a volume-supported directional breakout.

Formation:
• Upper Triangle Band (Resistance): $4.18
• Lower Band (Support): $3.70

Important Technical Levels:
• Resistances:
• $4.00 → Short-term psychological level
• $4.18 → Formation breakout area
• $5.35 → All-time high (ATH)
• Supports:
• $3.70 → Intraday support
• $3.60 → Should be monitored for stop-loss
• $3.30 → overlaps with the 200 Daily EMA level

Indicators:
• RSI (14): 58 → Positive but not in overbought territory
• MACD: Positive crossover completed, momentum up
• Fibo 0.618: $3.55 → A close below may trigger technical weakness

🔬 On-Chain Data
• Daily active addresses: 1.4 million
• New account increase (30 days): %35
• Continuous growth in DEX volume and liquidity TVL
• Total cross-chain volume after Axelar integration: $11B+

🛠️ Trading Strategy (Scenario Based)
• Short-Term Buying Zone: $3.70 – $3.75
• Short-Term Goal: $4.50
• Stop-Loss: Daily close below $3.60
• Medium-Term Target: $5.35 → $6.00

📌 Evaluation

SUI presents a strengthened outlook with both its technical structure and on-chain growth data. The price compression in the symmetrical triangle formation could give rise to a strong trend after the breakout. We are in a period that should be monitored for medium-term investors.

Note: This content is not investment advice. It only contains comments based on technical and fundamental analysis information. You should make your investment decisions based on your own research.
I wish you safe investments.