A new storm has emerged? How can we remain stagnant~$SUI
An obvious trend is that the funds in the current market are pouring into MOVE-based public chains. If we look at the TVL growth of SUI and APT this year, we can see that both have shown a very clear upward trend.
In terms of response in the secondary market, SUI has already hit a new high. Although there is currently a brief pullback, if we look at the Fibonacci retracement over the hourly and weekly cycles, it has just hit the 0.382 support level.
It has since gone back up, and what needs to be focused on now is the breakthrough of the high point at 3.25. If the upward attack is successful, it truly means a new storm has emerged.
Previously, at the end of August, I wrote an article about the MOVE system, analyzing the advantages that SUI exhibited within the MOVE framework. Based on this logic, I also extended expectations for the launch of BN at $CETUS .
It can be clearly seen that Sui's engagement with popularity is not merely limited to the Meme level. Whether it is the listing of Cetus or the large-scale airdrop activities of the on-chain DeFi ecosystem #DEEP , there is an expectation for the ecology of $SUI in both primary and secondary markets.
To be fair, the overall situation of SUI is undoubtedly the leader of the Move system. Whether in terms of market attention or ecological development, SUI is clearly ahead.
The short-term technical logic will not be repeated; this round of Sui is still very much worth looking forward to.