Will $SUI be the next Solana?
2024-10-16

Amid allegations that  “SUI insiders have sold $400M in tokens during this market surge, ” the SUI Foundation responds to address the claims.

The  SUI Foundation  dispels unfounded FUD, as major centralized exchanges continue to lean heavily on the sell side.

SUI continues to make headway. It has hit a new ATH in Total Value Locked  (TVL).
 
It now processes more transactions than all other EVM-compatible chains.

Will SUI be the next SOLANA?

 TECHNICAL OUTLOOK: 

It has hit a new ATH, however we're now seeing selling pressure.

SUI significant is at $1.70; in confluence with HVN, nPOC, and 4H demand zone. A break of this level could see a move to around $1.30  (yVWAP) , taking out those resting liquidity on the lows. 


