Hello everyone! ARSALAMULAIKUM. Let me share an interesting analysis regarding two specific coins that have recently caught my attention – $SUI and $FTM. Both have shown impressive resilience in the market despite recent downturns, but today I want to dive deeper into $SUI, and there's something you should watch out for.
1. Understanding SUI's Situation
SUI has locked 52% of its coins until 2030. On the surface, this gives off a sense of stability, implying that the developers are aiming for sustainable growth, and the coin is less likely to face manipulation or overvaluation. But is this truly the case? Or just an illusion?
2. SUI’s Price History & Performance
All-Time High (ATH): $2.18 USD
Current price: $0.36 USD
A couple of months ago, it was trading around $0.60 - $0.70 USD
Despite this sharp fall, there is something interesting when we look at SUI from a different angle – volume and transaction trends.
3. Volume Analysis: Zones of Action
Here’s a breakdown of SUI’s volume data in two key zones:
Zone 1:
Trading volume: $57B USDT
50 billion coins changed hands over 5 months
The average transaction price fell back by $1.14 USDT
Zone 2:
Trading volume: $33.99B USDT
28 billion coins changed hands over 2 months
The average cost per transaction was $1.22 USDT
4. Current Scenario
In the September-October rise, $33B USDT has already been consumed. SUI started this rise with a total volume of $57B - $18B = $39B USDT. As of now, only $5B USDT remains to sustain the upward trend.
Considering SUI’s daily trading volume of $2B USDT, it seems that the upward trend can continue for a maximum of 3 more days.
5. Price Prediction
SUI gains $0.12 USD for every $3B USDT traded. Therefore, it's likely to:
Rise to $2.08 - $2.12 USD in the next 3 days
Drop to $1.22 - $1.30 USD thereafter, unless fresh volume comes in
Key Risk:
There is a possibility that 500 million SUI held by regular users and 1 billion staked SUI could be offered into the market at any time, creating bearish pressure.
6. Final Thoughts
I’m bullish on $SUI until it reaches $2.1 USD, after which I expect a bearish trend down to $1.22 USD by the end of October.
Let’s see if this theory plays out! Wish you all the best! 🙏🌹❤️
#SUI #SUIPriceAnalysis #suiunlock #CryptoAnalysis"