Recently, SUI's performance has attracted attention. On the 30-minute candlestick chart, trading volume suddenly surged by 139.2%, and such abnormal fluctuations in volume usually do not occur without reason.
The current price is stuck around 1.4437 USDT. Looking downward, the recent support level is at 1.4327, which is only about 0.36% away from the current price. The support zone is approximately between 1.4156 and 1.4327. This level is actually very close, and from a technical perspective, it is a noteworthy entry point for a long position.
Following conventional trading strategies, one might consider placing a buy order around 1.4327, with the target set at the resistance level above at 1.4716. Of course, a sharp increase in volume often indicates that the market is gearing up for a move, so it is important to closely monitor subsequent developments, as market changes are always faster than expected.
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VibesOverCharts
· 17h ago
Trading volume surged by 139%. This move definitely has some substance... but I get a bit nervous when I see the support at 1.4327. I still have the memory of being broken through here last time.
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WinterWarmthCat
· 17h ago
With such a strong increase in trading volume, I think there's an 80% chance of a sell-off.
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failed_dev_successful_ape
· 17h ago
Wouldn't it be more exciting to just push the price up with such strong trading volume, instead of waiting for 1.4327? That's a bit conservative.
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CountdownToBroke
· 17h ago
Trading volume surges by 139%? This time it's either a huge rise or a sharp fall, no middle ground, can't afford to gamble, buddy.
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SchrodingerWallet
· 17h ago
With such a huge increase in trading volume, I suspect that the market maker is accumulating positions.
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MoneyBurner
· 17h ago
Trading volume exploded, 139%? I’m familiar with this number. Last time I played like this, I directly invested 20,000 yuan, and I’m still holding it now, haha.
Recently, SUI's performance has attracted attention. On the 30-minute candlestick chart, trading volume suddenly surged by 139.2%, and such abnormal fluctuations in volume usually do not occur without reason.
The current price is stuck around 1.4437 USDT. Looking downward, the recent support level is at 1.4327, which is only about 0.36% away from the current price. The support zone is approximately between 1.4156 and 1.4327. This level is actually very close, and from a technical perspective, it is a noteworthy entry point for a long position.
Following conventional trading strategies, one might consider placing a buy order around 1.4327, with the target set at the resistance level above at 1.4716. Of course, a sharp increase in volume often indicates that the market is gearing up for a move, so it is important to closely monitor subsequent developments, as market changes are always faster than expected.