sui链
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Reasons for Sui's record high price
Sui uses the Move development language, which is a programming language developed by Meta (formerly Facebook). Move has the following five main features: programming assets as first-class resources, ensuring their security, verifiability, flexibility, and contract composability through static calls and virtual machine sandboxes. Compared with eth's Solidity development language, it has a better experience, lower gas, and higher composability and scalability.
Reasons for Sui's record high price
Sui uses the Move development language, which is a programming language developed by Meta (formerly Facebook). Move has the following five main features: programming assets as first-class resources, ensuring their security, verifiability, flexibility, and contract composability through static calls and virtual machine sandboxes. Compared with eth's Solidity development language, it has a better experience, lower gas, and higher composability and scalability.
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Sui Bear Market Active Misses 2 Dollars, Where Should the Correction Start?
According to current technical analysis, the SUI (SUI) token's trend is at a critical support zone, facing downward pressure. After reaching a historical high of 2.36 dollars on October 14, SUI has failed to maintain its upward trajectory and is currently in a correction phase. The token has been trading within an upward channel since last month, and while this pattern is generally bullish, current technical indicators suggest it may face short-term correction risks.
Technical Analysis:
Upward Channel: SUI's price has been in an upward channel since last month, and the current price is nearing the support level at the bottom of the channel, 2.03 dollars. If this support level is breached, it could trigger a larger correction.
Bull Bear Power (BBP): The BBP has turned negative, indicating that selling pressure dominates, and SUI's price may continue to be under pressure.
MACD: The MACD indicator has entered the negative zone, which is a typical sell signal, showing that SUI's downward momentum is strengthening.
SUI Price Expectation:
Based on the current technical setup, SUI's price could decline by 10% in the short term, falling to around 1.8 dollars, and in the case of a significant market downturn, it may drop to 1.64 dollars.
However, if market sentiment turns optimistic and bullish momentum regains dominance, SUI could rebound to the high of 2.36 dollars in the future. Currently, investors should approach SUI with caution, closely monitoring changes in key support levels to guard against further downside risks. #sui链 #SUI.24小时交易策略
According to current technical analysis, the SUI (SUI) token's trend is at a critical support zone, facing downward pressure. After reaching a historical high of 2.36 dollars on October 14, SUI has failed to maintain its upward trajectory and is currently in a correction phase. The token has been trading within an upward channel since last month, and while this pattern is generally bullish, current technical indicators suggest it may face short-term correction risks.
Technical Analysis:
Upward Channel: SUI's price has been in an upward channel since last month, and the current price is nearing the support level at the bottom of the channel, 2.03 dollars. If this support level is breached, it could trigger a larger correction.
Bull Bear Power (BBP): The BBP has turned negative, indicating that selling pressure dominates, and SUI's price may continue to be under pressure.
MACD: The MACD indicator has entered the negative zone, which is a typical sell signal, showing that SUI's downward momentum is strengthening.
SUI Price Expectation:
Based on the current technical setup, SUI's price could decline by 10% in the short term, falling to around 1.8 dollars, and in the case of a significant market downturn, it may drop to 1.64 dollars.
However, if market sentiment turns optimistic and bullish momentum regains dominance, SUI could rebound to the high of 2.36 dollars in the future. Currently, investors should approach SUI with caution, closely monitoring changes in key support levels to guard against further downside risks. #sui链 #SUI.24小时交易策略