$SUI
Why is SUI’s price down today?
Sui’s 2.95% 24-hour decline appears driven by profit-taking after a 10.10% weekly rally, technical overbought signals, and mixed market sentiments. .
....Profit-taking after 40% monthly gains
Profit taking after 40% monthly gains..
....Overbought RSI (7-day: 77.17) triggering correction..
....Altcoin rotation as BTC dominance holds near 60.74%.. SUI’s price ($3.90) retreated from its pivot point at $3.99, with the 7-day RSI at 77.17 signaling overextension. Key levels:
- Support: $3.68 (23.6% Fibonacci) and $3.42 (38.2% Fib)
- MACD divergence: Bullish histogram (+0.12287) but slowing momentum
- Recent volume surge (+57% to $3.19B) suggests distribution near local highs. .
The dip reflects healthy consolidation after parabolic gains, with technicals and sector rotation outweighing strong fundamentals like SUI’s 81.69% 90-day performance. Will buyers defend the $3.68 Fibonacci level to maintain the broader uptrend?