๐ $SUI Turning Heads โ Big Growth, But Caution Needed! ๐
SUI is up 1.18% in the last 24 hours, supported by strong institutional interest and rapid ecosystem expansion โ but short-term charts still show weakness.
โ Positives
Institutional Adoption: The first 2x leveraged SUI ETF has been approved and listed on Nasdaq, boosting SUIโs legitimacy.
Ecosystem Growth: Daily transactions are up 28% in the last 3 months, showing fast-growing network activity.
DeFi Expansion: BitGoโs integration of WBTC on Sui unlocks cross-chain BTC DeFi and more utility across Sui platforms.
โ ๏ธ Risks
Bearish Momentum: MACD remains negative, signaling short-term downside pressure.
Weak Price Structure: SUI is trading below the 7, 25, and 99 EMA, pointing to a short-to-medium downtrend.
RSI Weakness: RSI near 32 suggests oversold conditions and reduced buying strength.
๐ฃ๏ธ Community Mood
Strongly bullish, supported by institutional moves and ecosystem upgrades โ but traders are watching short-term signals closely.
#SUฤฐ #WriteToEarnUpgrade #BTCVSGOLD $SUI
