SUIās total trading volume reached $270 billion, showing a significant increase in market adoption. Currently trading around $4.28, Sui faces a key pressure level of $4.59. Will Sui break out? Or will the pressure lead to a reversal?
Price Action: Imminent Breakout?
Sui is consolidating near the top of a descending triangle pattern. This structure often signals big moves ahead. Several attempts to break through the $4.59 pressure level have failed, and many believe that this consolidation could lead to a breakout. If Sui rises above $4.56, bulls may push the price higher. Failure to break out could see the price fall to $3.70.
Technical indicators add another layer of complexity, with a bearish MACD crossover suggesting that momentum is declining. However, the current consolidation could allow buyers to regroup and push prices higher.
The $4.59 mark remains the focus of everyoneās attention. A breakout could trigger a rally, while a failure could lead to a pullback. The market is at a crossroads, and Sui is poised to make a decisive move in the coming weeks.
Some predictions for 2025: 1. Bitcoin price exceeds $150,000 2. New chain ETF approved 3. Financial assets tokenized and listed 4. New Bitcoin on-chain income 5. There will be a Meme season 6. Multiple crypto companies IPO in the United States 7. Stablecoins exceed $400 billion 8. The total market value of cryptocurrencies exceeds $8 trillion 9. Some countries declare Bitcoin as a strategic reserve 10. Dogecoin will not exceed 2 11. BRC20 ecosystem has not recovered 12. NFT has grown but cannot reach the height of the last bull market 13. Sol downtime 14. A micro-strategy stock in Hong Kong is launched 15. Abstract account exchanges emerge 16. Ai The tokens launched by agent lead the market 17. Sol exceeds 500 US dollars 18. There are hot products in the DePin track 19. There are dark horses in the chain game track 20. Sui exceeds 10 US dollars #åøå®å ØēēØę·ēŖē “2.5äŗæ
BIO Protocol (BIO for short) will be launched on Bian this week, and the market is paying close attention to it. It is positioned as an innovator in the field of decentralized science (DeSci), aiming to use blockchain technology to subvert traditional scientific research financing and commercialization methods. Simply put, it is to empower scientific innovation with encryption technology.
The current pre-market trading price is around $0.96, which makes people look forward to its performance after the launch. Judging from Bian's research report and market sentiment, BIO's initial trend may be affected by the following factors:
1. High popularity: BIO is the 63rd project of Bian Launchpool and has attracted the attention of many users. Its decentralized science concept is relatively novel, and this type of "futuristic" project is usually accepted by the market.
2. Limited unlocking volume: The initial circulation volume is small, and Bian, as one of the world's largest exchanges, will bring sufficient trading liquidity. This supply and demand relationship may cause a short-term rise in prices. 3. Current reference price: According to the pre-market trading situation, the launch price of BIO may fluctuate between 0.8-1.2 US dollars. If the market sentiment is overwhelming, the upside may be greater; but if there is a large amount of selling in the short term, there may also be adjustments.
However, everyone should pay attention to the volatility of the crypto market, and rational investment is very important. If you are optimistic about the long-term concept and application prospects of BIO, you can consider batch layout when the price is adjusted. If it is just a short-term operation, remember to pay attention to market dynamics and do a good job of stop profit and stop loss.
This launch of BIO is not only an innovative attempt in the DeSci field, but also may be the next hot spot in the currency circle. Let's wait and see!
There is no big change in today's market this morning. It is worth noting that AI MAGIC IO and other coins are fluctuating sideways after yesterday's rise. There is no obvious correction trend. It is possible that they are brewing a second wave of rise. Both the game and AI sectors have trends. BIO opens at 6 pm. BN itself pays more attention to biotechnology. Let's see if this coin can rise when it opens.
At present, all sectors are ready to move. AI chain oil meme, when the market comes, you only need to hold your own coins, or adjust your positions occasionally, and wait for the rest. Friends who make time, although yesterday because BN listed ai16z and fell for a short time, but now it has risen again. This wave of wind has not yet blown over. Let's see if it can drive these secondary coins. WLD and other AI have not moved much yet. There are more than 20 days before the Chinese New Year, and you can't wait too long! #BIOå°äøēŗæåøå®
Maximum supply of tokens: 3,320,000,000 BIO (supply can be increased through network governance)
Launchpool total: 99,600,000 BIO (3% of the total supply of Genesis tokens)
Initial circulation of spot tokens when listed on Binance: 1,296,529,168 BIO (39.05% of the total supply of Genesis tokens)
BIO Protocol is a platform for funding and commercializing decentralized science (DeSci).
BIO is the governance token of the BIO Protocol and is used for the following functions:
Governance and Decentralization: BIO tokens grant holders governance rights over the BIO Protocol and meta-governance rights over the BioDAOs in the network.
Whitelist Access: BIO tokens provide holders with whitelist access to BioDAO funding rounds and tokenized IP on the network.
Curation: BioDAOs selected by BIO holders are launched through the BIO Launchpad and receive support from the network in terms of funding and liquidity.
Bios Connected: BIO represents a basket of DeSci tokens as BioDAOs in the network contribute a percentage of their initial token supply to the protocol in exchange for funding, liquidity, and acceleration services.
Protocol Liquidity: BIO Protocol provides liquidity through BioDAO tokens and IP tokens in its treasury, earning transaction fees from the liquidity owned by its protocol
The new coin bio that was launched tonight is a bit similar to Polkadot dot 4 years ago. It has a lot of sub-DAOs. It is estimated that the valuation will be very high, possibly above 15 billion. #BIOå°äøēŗæåøå®
Currently, the only cryptocurrencies that have effectively broken through previous highs, excluding some meme coins, are Bitcoin, Ethereum, Solana, and Sui. Sui will lead the altcoins in 2025, and we look forward to it!