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SUI performed well today, rising by 8% directly, surging from the $1.9 level all the way up, targeting $2.05.
Let's be clear upfront: Based on the current trend of SUIUSDT perpetual contracts, the main force is clearly bullish. There are indeed opportunities within the day, so those wanting to enter should act quickly.
**What is the main force doing?**
The 24-hour trading volume is substantial, with 520 million SUI tokens traded, amounting to 1.009 billion USDT. During the morning opening, the price repeatedly hovered between $1.81 and $1.9. The main force used small orders to absorb over 70% of the volume—what does this mean? It indicates "the shakeout is over, now it's time to buy the dip," and the bullish intent is very evident.
**Retail investor sentiment**
This wave of SUI is a rebound from a low point, but retail investors are still watching, waiting for a pullback to add positions. However, recent positive news within the ecosystem is fermenting, and market sentiment has shifted from cautious to optimistic. If the price breaks through the $2.0266 level, retail investors chasing the rally will flood in, and the intraday gains will accelerate.
**Technical outlook**
Support levels are solid. The low today was $1.8104, and with volume increasing to stabilize above that, there's limited downside risk.
Volume also aligns well—shrinking during consolidation, expanding only when a real breakout occurs, which is a healthy sign of a genuine breakout.
On the hourly chart, the MA5 has already crossed above the MA10, indicating an established bullish trend for the day, not just a false signal.
**Today's trading plan**
The expectation is that SUI will break through the resistance at $2.0266 and then push toward around $2.05, with an intraday increase of about 8%. After the main force has accumulated at lower levels, they will push upward on the back of positive rumors, with quick speed and stable gains.
If you want to go long, do it like this:
- Entry: at $1.9 to $1.92
- Take profit: at $2.05
- Stop loss: at $1.85
The rhythm is simply to follow the main force's pattern steadily, no need to overcomplicate.