Let's talk about why SUI will rise today.
In fact, it is very simple. The rise and fall of each coin in the currency circle is inseparable from funds and stories. SUI's recent rise is inseparable from two points: capital entry and market expectations.
First of all, it is driven by funds.
The price of SUI has been trading sideways at a low level some time ago. Many large funds have seen this opportunity and started to enter the market. The capital movement in the currency circle determines the short-term trend of the market. The recent rise is because there is capital to buy the bottom, which has driven the enthusiasm of the market. Moreover, sometimes there is no need for particularly big good news. As long as there is enough capital to push, the price will naturally go up.
The second is market expectations.
Everyone knows that SUI is an emerging public chain project with many big guys behind it. The market expects that it will have many ecological projects online in the future, bringing it more application scenarios. This expectation itself will attract investors to buy and bet on future potential in advance. At this time, as long as there is a little wind and grass, the market sentiment will be ignited.
Let's talk about the technical side.
From a technical point of view, SUI has fallen a lot before, and a certain support level has been formed at the bottom. Coupled with the recent improvement in market sentiment, many people think that this is a good time to buy at a low price, which has pushed up the price. Those who are in the cryptocurrency circle know that the more it falls, the greater the room for rebound.
The rise of SUI is inseparable from two points: funds and market expectations. The entry of funds drives the price, and the market is optimistic about its future. Moreover, the market situation in the cryptocurrency circle is like this. Sometimes no news is needed. Once funds come, the price will naturally go up.
Finally, a reminder that the rise of SUI does not mean that it will continue to rise. The market may reverse at any time. Therefore, everyone should still operate cautiously, stop when they see good results, and don't blindly chase high prices.
