The trend of #SUI is just as predicted before, heading for 1.6
The performance of the SUI network is better than expected, and the continued strong development of the DeFi ecosystem provides strong support for the price.
SUI's recent strong rise is due to the rapid expansion of its ecosystem, technological progress and the inflow of institutional funds. With the vigorous development of DeFi protocols, technological upgrades and the increase in market confidence, SUI has the conditions for further growth.
Technically, it has been mentioned before that 1.6 is a strong pressure point for SUI. Previously, a needle was pulled to 1.57 and then quickly pulled back, but the general trend is still bullish. At present, it seems that the positive line that has lasted for five days can reflect that it will soon touch 1.6. If it stands firm, there is still a lot of room above. The weekly pressure is 1.72, and the strong title is still around 0.87. There will not be much decline in the short term, so everyone can rest assured.
Operational ideas: If you don’t have a position yet, it is recommended to wait and see on the weekend. The market is sideways, and it is expected to follow the market in the next two days.
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