DeGRAM | SUIUSD got out of the channel

3 lug

📊 Technical Analysis
● Price pierced the four-week falling-channel roof and the apex of a contracting triangle, turning 2.88 support into a launchpad and carving a sequence of higher lows.
● Breakout measured move and channel mid-band converge at 3.15; a close above there exposes the next horizontal barrier and channel top at 3.46. Risk is framed by the former triangle base at 2.88 and major swing floor 2.69.

💡 Fundamental Analysis
● Sui’s on-chain TVL has climbed >15 % since 25 Jun after zkLogin main-net rollout and Mysten Labs’ new developer grants, underpinning demand despite broad market lethargy.

✨ Summary
Long 2.90-3.05; hold above 3.15 targets 3.46. Invalidate on a 4 h close below 2.88.

-------------------

Share your opinion in the comments and support the idea with a like. Thanks for your support!

4 giorni fa

Trade chiuso: obiettivo raggiunto

Closed +17%