Is it time to go short? Or go to $5
SUI price rise to $3.6 in Q4 based on the token's resilience and the development of DeFi projects on the Sui network. The token shows stability, which supports a positive long-term outlook. Active DeFi adoption increases the value of SUI by attracting developers and new projects.
However, there are bearish signals in the short-term horizon. The ascending channel on the price chart may signal downward pressure.
The current MFI at 62 indicates possible hype, which may lead to a correction or reversal in price.
