A Brief Confession (TL;DR)
- SUI clings to $3.20 like a sinner to his last prayer-targets $3.53 and $3.90 if God wills it.
- A falling wedge looms, whispering of salvation… or damnation. Breakout? Not yet, dear gambler.
- 1.9M SUI vanish-burned, frozen, lost to the void. The market giveth, and the market taketh away.
The Agony of Price Action
Once, in the golden days of August, SUI soared to $3.90-a fleeting ecstasy. Now? It languishes between $3.18 and $3.28, a pitiful spectacle. The $3.20 support-oh, how it has suffered!-bears the weight of desperate traders, their souls mortgaged to volatility.
Each rally from this wretched level has been weaker than the last, like a drunkard’s promises. $3.53? A momentary delusion. $3.90? A cruel mirage. BitGuru, that prophet of pixels, mutters: “Hold $3.20, and the bulls may yet return… but lose it, and despair shall follow.”
$SUI trades at $3.23, trembling at the edge of the abyss. Hold, and $3.53 beckons. Fail, and the void opens beneath you.
– BitGuru (@bitgu_ru) September 1, 2025
And so, the token teeters. A breakdown? The abyss awaits. A recovery? A temporary reprieve.
The Falling Wedge: A Parable of Hope and Delusion
Gordon, that chart-bound mystic, points to a falling wedge-a pattern as old as the markets themselves. “It signals reversal,” he declares, as if reading tea leaves. The $3.18 support? A martyr, crucified again and again.
Yet, the breakout remains elusive. Gordon, ever the optimist, dreams of $10-though when? Only God and the whales know. Until then, the wedge tightens like a noose.
The Onchain Abyss
285 million accounts! A triumph of numbers, if not meaning. Meanwhile, 1.9M SUI vanish-burned by gas, frozen by staking. “Less to sell,” they say, as if scarcity alone could conjure demand. The market, that fickle beast, cares little for arithmetic.
“The less there is to sell, the harder it is to stop a move once it starts.”
A poetic thought-if only the market were a poet.
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2025-09-02 07:15