Let’s uncover how Evan Cheng, the visionary behind SUI Network, is shaping the future of Web3!

🧑‍💻 Who is Evan Cheng?

🏙️ Born in Kaohsiung, Taiwan, with a passion for computers from an early age.

🎓 Earned degrees in Computer Science and kickstarted his career in 1997.

🛠️ Worked as:

Engineering Manager at Equator Technologies.

Senior Principal Engineer at Synfora Inc.

🍏 2005-2015: Nearly a decade at Apple, contributing to:

🛠️ Development of LLVM (Low-Level Virtual Machine).

🏆 Won the ACM Software System Award for his groundbreaking work

🏢 Journey to Web3 Innovation

📅 2015: Became Director of Engineering at Facebook, leading programming language teams.

🔗 Discovered blockchain & Ethereum in 2016, fueling his interest in decentralization.

💡 Founded Novi Research Team, where he created:

Move Programming Language, now used in multiple blockchains.

🌊 The Birth of SUI Network

📅 September 2021: Co-founded Mysten Labs, launching Sui Network.

🚀 SUI’s Strengths:

💨 +280,000 transactions per second.

💎 "Sui" means "water" in Japanese, symbolizing limitless potential.

📊 SUI’s Incredible Achievements

Since its launch in 2022, SUI has:

🌍 Surpassed 6 billion transactions.

📈 Reached the top 15 in market cap.

🔥 Achieved All-Time High (ATH) interest.

🏎️ Became the fastest Layer 1 (L1) blockchain.

💰 Entered the Top 10 by Total Value Locked (TVL).

🤝 Why SUI is Thriving

🌟 Active community and highly skilled team.

🌐 Evan’s Web2 experience helped him identify limitations and envision Web3 solutions.

🛠️ SUI’s focus: simplified software interactions for users worldwide.

🔮 What’s Next for SUI?

With Evan Cheng’s leadership, expect:

🌟 Continued ecosystem growth.

🔗 Integration of more Web3 products.

🚀 Solidifying SUI’s position as a top blockchain for innovation.

💡 Fun Fact: Evan chose "Sui" to symbolize water, representing fluidity, adaptability, and infinite potential.

🌊 SUI Network is just getting started!
Where do you think this ecosystem will go next? Let’s discuss! 👇
#SUI🔥 $SUI

#SUI🔥 #Capa1 esto si es sorpresa cabalística, crecer 10 veces el precio en cinco meses, es tener una tasa de crecimiento del 900% =(($5.0-$0.5)/$0.5)*100.

¿Quién tiene $SUI ? Una muy buena ganancia en poco tiempo, enhorabuena, buena madrugada desvelados ♥️.

$SUI

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The cleanest conservative count, in my opinion, suggests that we are still within a wave 4 or possibly a diagonal. This conclusion is based on the 3-wave move up that has printed so far, which aligns with the characteristics of corrective wave structures.

Wave 4, according to Elliott Wave principles, often presents as a more complex corrective pattern, and this appears consistent with the current price action. However, the situation remains dynamic, and key levels will play a crucial role in determining the next steps in the wave count.

### Key Levels to Watch

1. 4.92: If price action fails to generate further upside momentum and drops below this level, it would indicate potential weakness and could lead to a revisit the 3.95 level.

2. 3.95 Pivot + Price Action (PA): This level will be pivotal in determining where we are within the broader wave count. A hold above this level could maintain the possibility of the current count, whereas a deeper breach could suggest a shift in the structure.

### Scenarios to Consider

- Bullish Continuation: If price action remains above 4.92 and generates impulsive moves, it may signal the end of wave 4 and the start of wave 5.

- Extended Correction: A drop below 4.92 and a test of the 3.95 pivot could indicate a continuation of wave 4 or a diagonal pattern. An impulsive breach would lend to a flat.

### Neutral Perspective

This analysis remains neutral, focusing on the possibilities rather than definitive predictions. The next moves around these levels will provide important clues about the broader structure and potential directional bias. As always, flexibility and attention to evolving price action are essential when navigating corrective waves.

By monitoring these critical levels and patterns, traders can better position themselves to adapt to the unfolding price action.

Trade safe, trade smart, trade clarity.
#sui #SUI🔥 #Write2Earn #BitcoinHashRateSurge #CryptoReboundStrategy

By: Cold-Zero

In this article, we provide an in-depth technical analysis of $SUI for January 4th, comparing its behavior today with the last two days :
Market Metrics Analysis
15-Minute, 1-Hour, and 4-Hour Charts :
15-Minute Chart: $SUI has exhibited increased volatility, with rapid price movements indicating active trading and potential short-term speculative behavior.1-Hour Chart: The price has been on an upward trajectory, suggesting a bullish sentiment among traders.4-Hour Chart: A sustained uptrend is evident, aligning with broader market optimism and increased investor confidence in $SUI.
Open, Close, and Volume Analysis :
January 1: Open $4.29, Close $4.35, Volume $704MJanuary 2: Open $4.35, Close $4.45, Volume $2.02BJanuary 3: Open $4.45, Close $5.00, Volume $1.82B
The increasing closing prices and trading volumes over the past three days indicate a strong bullish trend. The significant price jump on January 3rd, reaching a high of $5.03, suggests heightened investor interest and potential positive news influencing the market.
Future Projections :
Based on the current momentum and historical data, $SUI is expected to continue its upward trend in the near term. Analysts predict that $SUI could reach approximately $6.09 by January 8, 2025, representing a potential increase of around 30% from the current price.
Liquidation Map Analysis :
While specific liquidation data for $SUI is limited, the recent price surge may have led to the liquidation of short positions, contributing to the upward momentum. Traders should be cautious of potential volatility due to liquidations, especially in leveraged positions.
Pivot Points and Moving Averages:
Pivot Points :
Using the high ($5.03), low ($4.40), and close ($5.00) prices from January 3, 2025, the pivot point for January 4th is calculated as follows:
Pivot Point (P) = (High + Low + Close) / 3
P = ($5.03 + $4.40 + $5.00) / 3
P = $4.81
This pivot point serves as a potential support level, with resistance levels above and support levels below:
Resistance 1 (R1): $5.22Support 1 (S1): $4.59
Moving Averages (MA) :
As of January 4, 2025:
20-Day MA: $4.2050-Day MA: $3.80200-Day MA: $2.50

The current price of $5.00 is trading above all major moving averages, indicating a strong bullish trend. The 20-Day MA crossing above the 50-Day MA further supports this positive momentum.
Conclusion and Projections for Today
Prevision for January 4th

Given the bullish indicators, $SUI is likely to continue its upward movement today. However, traders should monitor key resistance levels and be prepared for potential pullbacks.

Long Position Scenario
Key Resistance Levels:$5.22 (R1)$5.50
Entry Points: Consider entering around the pivot point at $4.81 if the price retraces to this level.Take Profits:First target at $5.22Second target at $5.50
Short Position Scenario:

Key Support Levels:$4.59 (S1)$4.30Entry Points: If the price breaks below the pivot point at $4.81, consider shorting with caution.
Take Profits:First target at $4.59Second target at $4.30

#SUI🔥 #BinanceSquareFamily $SUI

Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Always conduct your own research before making investment decisions.