Postaus
$SUI
SUI has surged strongly by 50% over the past week, pushing the price from around $0.94 (on May 4) up to $1.41 on Sunday.
Main Drivers:
• Strong Staking Activity: SUI Group Holdings staked over 108 million tokens (worth more than $143 million).
• Explosive Trading Volume: Increased from over $213 million to more than $2.5 billion.
Reference Strategy:
• Current Price: ~$1.30 – $1.33 (after hitting a high of $1.41).
Buy/Long (now or on pullback):
Take Profit (TP):
◦ TP1: $1.50 (near-term target)
◦ TP2: $1.65 – $1.70
◦ TP3: $1.90 – $2.00 (longer-term target)
• Cut Loss (CL/Stop Loss): $1.18 – $1.20 (below key support, risk ~8-10%).
Positive News:
• Mysten Labs is preparing to launch fee-free stablecoin transfers and private transactions.
• Paga Group has partnered with Sui to develop cross-border payments and stablecoin products.
Overall SUI rally is strongly supported by robust on-chain activity and important strategic partnerships.
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