Key Points:

  • SUI price is down over 25% in two weeks

  • Price briefly dropped below $3, now at $3.02

  • Bearish signals suggest a fall to $2.71 support

📉 SUI Price Fails to Hold $4.20 — What’s Next?

SUI tried to break $4.20 three times but failed. Since then, the price has dropped more than 25% in two weeks. On the 4-hour chart, SUI is in a falling channel, showing a bearish trend.

🛑 Death Cross Alert:

  • The 50 EMA has crossed below the 200 EMA

  • Also, the 100 EMA has moved below the 200 EMA

  • These are signs of a strong downtrend.

📉 Price Movement:

  • Hit a low of $2.88 last night

  • Now recovered slightly to $3.02, above the key $3 mark

  • This bounce is from a local support line

📈 RSI Signal:

The RSI just bounced up from the oversold zone, hinting at a small bullish move. But overall, the trend is still bearish.

🔍 Key Price Levels to Watch

  • Support: $2.71 (50% Fibonacci level)

  • Resistance: $3.00 short-term, $3.20 (falling channel top)

If SUI closes below $3, it could test $2.71 next. But a close above $3.20 might signal a bullish breakout.

📊 Derivatives Market Shows Bearish Pressure

  • Over $11 million in long positions were liquidated in 24 hours

  • Short liquidations are only $693K, showing bear control

  • Open interest dropped by 2.4% to $1.39B

  • Long/Short Ratio: 0.8843 (more short trades)

This data shows that traders expect more downside, and the market is preparing for a possible price drop.

🔮 SUI Price Prediction: Will It Hit $2.71?

If selling pressure continues, SUI may fall to $2.71. But if it holds above $3 and breaks $3.20, a short-term bounce is possible.

Disclaimer: This article is for informational purposes only and is not financial advice. Always do your own research before investing in crypto.

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