Recently, the focus of the cryptocurrency market has been on SUI. This highly anticipated project has recently shown strong price performance, significantly rebounding from its lows.

Market analysts point out that the current trend of SUI shows multiple positive signals:

From a technical perspective, SUI has just broken through the triangular oscillation range, which usually indicates a larger upward potential. Some optimistic analysts even expect the price to reach $7 or higher.

On-chain data also shows positive signs. The total locked value of the SUI ecosystem ( TVL ) and trading volume are both increasing, indicating that investors are quietly entering the market.

In addition, there are reports that some financial institutions are pushing for the approval of the SUI ETF. If approved, it could attract more institutional funds.

Currently, the trading price of SUI is around 3.9 dollars, which is still some distance from the previous high of 5 dollars, leaving room for potential upside.

However, market experts also remind investors to remain cautious:

1. It is recommended to look for entry opportunities between $3.60 and $3.90, avoiding chasing highs.
2. Use a staggered investment strategy instead of a one-time large investment.
3. Set the stop loss at $3.55, and exit promptly if it falls below.
4. The target for the increase can be set at $4.5, and if the trend is strong, it may reach $5.5 or even higher.

Overall, although SUI shows positive signals, the inherent high-risk nature of the cryptocurrency market still exists. Investors should make informed decisions based on their risk tolerance and investment goals.