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Don't remind me again today

**The Sui protocol has a major upgrade, this time there's something new** 🔧



The Sui official has just released the Mysticeti v2 update, which directly integrates verification into the consensus mechanism, eliminating unnecessary steps. The result? The transaction confirmation speed has skyrocketed, and the CPU and bandwidth usage of nodes has significantly decreased—it's a major improvement that alleviates cost pressure on validators.

The current question is: **Is the technology usable? The market will decide** 💹

On the K-line chart, SUI has dropped from the resistance level of $2.10 and found support at $1.90. It is currently oscillating around $1.99, with a ceiling at $2.10 and support at $1.90, typical of a rectangular consolidation.

What's even more heartbreaking is that the **4-hour chart has formed a bearish flag**. According to technical logic, if it breaks below the flag's lower trendline, there may be an additional 60% downside potential, targeting $0.80. However, this requires volume confirmation.

In simple terms: The fundamentals of Sui are adding points, but the short-term technical aspect is weak. Should you chase the highs? It's up to you to decide.
SUI-0.14%
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