$SUI SUI Bearish Continuation โ ๏ธ๐ป | Sell Pressure Mounts & Momentum Weakens ๐๐ฅ
๐ SUI is flashing warning signs on the charts again โ and the setup points toward a bearish continuation. The recent bounce failed to reclaim key resistance, leaving the market exposed to further downside risk ๐จ๐.
๐ป The bearish flag structure is developing clearly, signaling that sellers remain in control ๐ดโโ ๏ธ. Volume spikes on red candles confirm that sell pressure is increasing ๐ฃ๐, while buy volume is declining โ a dangerous sign for bulls.
๐ Technical indicators back up the caution. The RSI is flattening and losing upward momentum ๐ฏ, while a MACD bearish crossover has already formed ๐๐ป, adding fuel to the bearish case.
๐ฆ On-chain, exchange balances are rising ๐ โ showing tokens are flowing back into CEXs, often a precursor to whale distribution ๐ณโ ๏ธ. At the same time, wallet growth is slowing and social sentiment is cooling, suggesting retail interest is fading ๐ด๐.
๐ฌ Traders should take note of market uncertainty here. Without a strong catalyst, the risk of further downside remains high. Chasing dips blindly could lead to heavy losses. Manage risk carefully โ๏ธ and remember that sometimes patience pays off โณ๐ฐ.
If the bearish continuation plays out, SUI could retest deeper support zones โ and breaking below them may trigger an accelerated drop ๐ฅ๐. Stay alert, because this market is fragile.
โ ๏ธ Not financial advice โ always DYOR ๐ง ๐