SUI has increased by 34% in the past month but is currently under short-term selling pressure, with the potential for price adjustment.
Combined with the outflow of approximately $50 million from exchanges, SUI shows signs of long-term accumulation, laying the groundwork for a potential rebound above the $4.20 mark.
MAIN CONTENT
SUI increased by 34% before facing selling pressure and decreased by 7.5% in the last 24 hours.
Technical analysis shows that SUI is in a correction trend with support near $3.40 and resistance at $4.20.
The outflow from exchanges reaching $50 million reflects long-term accumulation and expectations for further increases.
What is the current price strength of SUI?
Currently, SUI has decreased by about 7.5% in the past 24 hours, with prices fluctuating around $3.77. Trading volume has also dropped by 26%, indicating investor withdrawal after this month's hot 34% increase.
The downtrend in volume accompanying price adjustments is a cautious signal, and investors may shift to other cryptocurrency assets like Ripple (XRP) and Avalanche (AVAX).
What are the price movements and key levels of SUI?
Technical analysis from TinTucBitcoin confirms that SUI has shifted to a short-term bearish trend after breaking the accumulation zone around $4.20. If the price continues to decline, SUI may reach support at $3.40.
An increase of about 30% could be feasible if SUI closes the daily candle above $4.20, with a price target of $5.50, but only if this signal is confirmed.
CEO of TinTucBitcoin, 07/19/2025
SUI's RSI index has dropped to 61 from the overbought zone, suggesting that upward momentum is weakening, forecasting a possible accumulation or short-term price correction phase.
Source: TradingView
How does SUI's on-chain index reflect the current market sentiment?
Data from the on-chain analysis tool CoinGlass shows that the long/short ratio of SUI is 0.87, indicating that most traders are leaning towards a bearish trend in the short term.
Key liquidation levels are concentrated around $3.67 (support) and $3.88 (resistance), with a total value of long orders reaching approximately $14.44 million and short orders around $20.90 million, clearly reflecting the market's cautious sentiment.
Source: CoinGlass
Meanwhile, outflows from exchanges amounting to nearly $50 million indicate that long-term investors are accumulating strongly, a notable signal for SUI's long-term bullish potential.
CoinGlass Analyst, 07/19/2025
Source: CoinGlass
Frequently Asked Questions
Is SUI's 34% increase a good buying signal?
The 34% increase has created a good momentum, but short-term selling pressure is also high. Investors should consider carefully before participating, based on technical analysis and on-chain cash flow.
What are the important support and resistance levels for SUI?
Support is at around $3.40, with key resistance at $4.20. Closing above $4.20 could trigger a strong upward momentum.
What does the outflow from exchanges indicate about SUI?
The outflow of approximately $50 million shows that long-term investors are accumulating, reinforcing the long-term bullish outlook.
What does a long/short ratio of 0.87 imply?
A ratio below 1 indicates that the current sentiment is leaning towards bearishness, with traders being cautious or expecting a price correction.
How to accurately track SUI's price movements?
It is advisable to use reputable platforms like TradingView combined with the on-chain tool CoinGlass for in-depth and timely analysis.
Source: https://tintucbitcoin.com/sui-giam-sau-tang-chu-y-ho-tro/
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