✨ Layer 1 Drama: Is SUI Due for a Bounce or a Break? ✨
The $SUI / $USDT chart is looking like a tough pill to swallow right now! Trading at $1.3434, the Layer 1 powerhouse is down over 3% in 24 hours and, wow, 61.37% over the last 90 days. That's a serious dip! 📉
The bears are definitely in control, with the price clearly below the MA(7), MA(25), and MA(99). This downward trend is sharp, and we've just tapped a 24h low of $1.3111. The question everyone is asking is: Has SUI finally hit a strong bottom, or is there more room to fall?
For all you brave traders and HODLers, keep a close eye on that $1.31 support level. Will the high-speed Layer 1 tech narrative bring in the buying pressure needed for a reversal, or are we heading toward new lows? The market is testing the faith of even the strongest believers. Don't forget to DYOR!
What do you think? Drop a comment below! 👇
trade here $SUI
