🔵Bluefin’s 0.47% 24-hour dip reflects mixed sentiment from ecosystem risks, technical resistance, and profit-taking after recent catalysts.

1. 🔵Ecosystem spillover – Competitor Cetus’ $223M exploit (May 22) hurt Sui DeFi sentiment, raising systemic risk concerns.

2.🔵 Technical headwinds – Price rejected at $0.121 pivot, with bearish MACD divergence (-0.00142 histogram).

3. 🔵Post-listing volatility – Bithumb’s May 22 airdrop likely triggered profit-taking as BLUE rose 25% post-Cetus hack.

support level : $0.11829

resistance level: $0.12190#BinanceAlphaAlert