SUI Market Pulse: Pullback Underway, Accumulation Signs Emerging 📉🤝
Sui (SUI) caught traders off-guard after a rapid 34% rally stalled at $4.20. Today’s sentiment reads cautious as profit-taking and technical resistance shape near-term outlook.
Price & Volume
- Trading at $3.77 (–7.5% in 24 h)
- 26% drop in 24 h volume signals profit-taking pressure
Technical Snapshot
- Rejected at $4.20 resistance, flashing a bearish consolidation pattern
- RSI cooled from overbought to ~61, hinting at short-term cooling off
On-Chain & Derivatives Mood
- Long/short ratio at 0.87 on Coinglass—traders lean bearish
- ~$50 million of SUI left exchanges, pointing to long-term accumulation
Key Levels to Watch
- Support: $3.40—break below could trigger another 10% correction
- Resistance: $4.20—a daily close above would revive bullish momentum
Dip-hunters and long-term holders are eyeing $3.40 for fresh entries, while bulls need to reclaim $4.20 to turn sentiment around. What’s your play? Share your thoughts below!