Sui ($SUI) is struggling to hold its ground, with intraday gains slipping as a clear breakdown of a triangle chart pattern fuels selling pressure. The technical outlook for SUI points to a steeper correction ahead, as the current pullback tests crucial support levels. Further compounding the bearish sentiment, derivatives data for Sui shows a significant shift: Open Interest (OI) has plummeted to a 30-day low, driven by a clear bearish bias. This indicates a notable reduction in bullish positioning and increased downside risk for SUI holders.
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