The stablecoin sector in the A-share market has shown strong performance recently, driving SUMI to a short-term bullish sentiment scenario, which may lead to exploratory buying. However, there are still no clear technical signals, so it is recommended to closely monitor changes in trading volume and support/resistance levels, and to operate only after a clear breakout signal appears.

- Recently, all leading stablecoin-related stocks in the A-share market have strengthened collectively within a short period, with most posting gains of over 9%, reflecting investors' strong interest in stablecoin assets.
- The concentrated emergence of hotspots often signals that capital expectations for the stablecoin sector have been strengthened, driving a ripple effect throughout the entire industry chain.

On June 23, data from Tonghuashun revealed that stablecoin-related stocks were active in the A-share market. The top six stocks on Tonghuashun's hot list in the past hour were all related to stablecoins, including Hengbao Co., Sifang Jingchuang, Annie Co., Chutianlong, Dongxin He Ping, and Lakala, with daily gains of 9.39%, 14.28%, 9.97%, 9.04%, 2.49%, and 11.59%, respectively.

Data: The top 6 stocks in the recent 1-hour hot list on Tonghuashun are all related to stablecoin concepts.

- As the stablecoin sector heats up, market risk appetite has rebounded, with investor sentiment shifting from cautious to positive. Attention to SUMI and potential buying interest may rise accordingly.
- Driven by sentiment, exploratory buying could appear in the short term, pushing SUMI prices to test previous high resistance amid a slight upward move.

- As specific candlestick values are currently unavailable, the moving average system and other commonly used technical indicators have yet to provide a clear bullish or bearish divide.
- Investors are advised to focus on subsequent changes in trading volume and to manage positions near important support and resistance areas, considering entries or scale-ins only after a clear breakout signal is formed.

SUMI

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