$SUI TO $6? This Structure Looks Ready for the Next Leg Higher.
I've been watching SUI closely, and the chart continues to build a strong long-term structure.
Two years ago, $SUI rallied to around $2, and the major support near $0.57 has never been decisively broken. Buyers have defended that level every time price approached it.
Now SUI is trading around $0.73, consolidating between $0.65 and $0.75. This type of range often acts as a base before the next expansion.
this structure continues to play out, I believe $6 is a realistic long term target.
Around 4.4M SYN (worth approximately $2.1M) has been transferred from Kraken's hot wallet to a cold wallet.
Moves from hot wallets to cold storage are generally viewed as a bullish signal, as they often indicate tokens are being moved into long-term custody rather than prepared for sale.
It's not a guarantee of higher prices, but it's definitely an on-chain move worth keeping an eye on for $SYN .
Around 21.25M $BEAT tokens unlocked today and were transferred to a team safe wallet in three transactions (10M, 2.9M, and 8.3M). The key takeaway? No significant exchange deposits or selling activity has been detected so far.
Meanwhile, 1.5M $RIVER roughly 13% of the circulating supply was moved from a wallet that had been inactive for months into a new address.
Again, no signs of selling yet.
Large token movements don't always mean immediate sell pressure, but they're the kind of on-chain activity smart traders keep a close eye on.