According to foreign media, the near-term chain of SUI uses data to warm up and the price rises from above the previous cleanup. According to the article, the rise in network activity coincided with the increase in prices, giving the market renewed attention to the possibility of moving closer to $1.

There's an increase in activity on the chain.

The recent rebound in the number of SUI-days active users was reported to indicate that the level of engagement on the chain had been restored. In addition to the dynamism of the wallets, the number of transactions remained resilient, with the network processing some 1.7 billion transactions over the past year.

Most of the daily transactions have remained between 4 million and 6 million, and have been significantly amplified in recent trading days. According to the article, this means that the interaction between users and chain applications continues even at the stage of overall market volatility.

The price is closing at 0.85.

The SUI has increased by about 1.5 per cent over the past 24 hours, the latest price is around $0.77. According to the article, the current trend is trying to confirm the break-through of the symmetric triangle, and the market's next focus is 0.84 to 0.85 dollars of resistance band.

This area used to be an important anchor, but it turned to top pressure in June. The short-line movement could be further strengthened if the dayline station were to stand in this zone.

  • Current concern resistance: 0.84 to 0.85 dollars
  • Nearer target above: $ 0.97
  • Market psychology: $1

The article focuses on the following breakthroughs.

The article also mentioned that the relatively strong and weak indicators continued to rise, indicating an increase in purchasing power; and that the target for financial flows remained positive, indicating that funds were still flowing to SUI. In its judgement, this means that the current round does not depend entirely on emotional driving, with a certain buy-in behind it.

However, if the price fails to break the immediate resistance, SUI may re-evaluate the support around $0.71. Overall, the short-line orientation still depends on the stability of the 0.84 to 0.85 United States dollars area.