In the world of investment, it’s not about how much you make, but about keeping your wallet safe and not losing too much!
Now there’s a Layer-1 token called SUI, and it’s awesome! Not only does it solve a major problem of global usage, it’s also risen by more than 111% in just one month, which has really blown up the crypto world.
Let’s first look at SUI’s technical analysis and future trends. Did you know that SUI is now on a tear, and on-chain indicators are saying “buy”! From the beginning of September to now, it’s up 175%, and investors and traders are eyeing this big piece of cake.
According to CoinPedia’s analysis, SUI has broken through the $2.3 barrier and is heading for new highs. Moreover, it’s trading above the 200 exponential moving average every day, which is a guarantee of growth!
Let’s talk about on-chain indicators, which are even more impressive. According to Coinglass, SUI’s long/short ratio is as high as 1.688, which is a new high since September! Traders are so confident about SUI that they are rushing to buy it.
Moreover, the open interest has also increased a lot, which shows that everyone is optimistic about the future of SUI. The top traders are also, 62.8% of them hold long positions, and it seems that they are all ready to make a fortune.
However, there are always risks in the market. Although SUI has risen fiercely, the price has also fluctuated. It has risen by 60% in the past few weeks, but it has fallen by 4.4% in the last 24 hours. So, when we consider buying, we must be cautious and pay more attention to market sentiment and price fluctuations.
But then again, SUI's current price momentum is really strong, and trading volume and participation are increasing. By 2025, it is predicted that the price of SUI may rise to a high of $3.56!
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