#SUI Analysis
๐ SUI dropped 16% this week, falling from $1.40 to $0.91! Should we cut losses or buy the dip?
This week, SUI faced resistance again at the critical $1.40 level, currently priced around $0.91, down 8.61% in the last 24 hours, with a weekly decline of 16.58% ๐ฑ
But don't panic just yet! The fundamentals are quietly improving:
โ Grayscale, 21Shares, and Canary have launched SUI spot/staking ETFs
โ The native stablecoin USDSui mainnet is officially live, issued by Bridge, a subsidiary of Stripe
โ Ethena's synthetic dollar sUSDe has landed on Sui, with the DeFi ecosystem continually expanding
Personal view: $0.93 is a crucial support level for SUI; if it holds, consider a small position. ETF fund inflows will take time, and we may continue to see fluctuations in the short term, but I'm optimistic about the Sui ecosystem in the medium to long term. $1.40 remains a key resistance point; we need a breakout to confirm a reversal.
$SUI around $0.91
#SUI #ETF #USDSui #Ecosystem Development
The above is just my personal opinion and should not be considered investment advice.
๐ SUI dropped 16% this week, falling from $1.40 to $0.91! Should we cut losses or buy the dip?
This week, SUI faced resistance again at the critical $1.40 level, currently priced around $0.91, down 8.61% in the last 24 hours, with a weekly decline of 16.58% ๐ฑ
But don't panic just yet! The fundamentals are quietly improving:
โ Grayscale, 21Shares, and Canary have launched SUI spot/staking ETFs
โ The native stablecoin USDSui mainnet is officially live, issued by Bridge, a subsidiary of Stripe
โ Ethena's synthetic dollar sUSDe has landed on Sui, with the DeFi ecosystem continually expanding
Personal view: $0.93 is a crucial support level for SUI; if it holds, consider a small position. ETF fund inflows will take time, and we may continue to see fluctuations in the short term, but I'm optimistic about the Sui ecosystem in the medium to long term. $1.40 remains a key resistance point; we need a breakout to confirm a reversal.
$SUI around $0.91
#SUI #ETF #USDSui #Ecosystem Development
The above is just my personal opinion and should not be considered investment advice.