🕵️‍♀️Heavy Shorts on $SUI Signal Potential for Big Market Shake-Up 🚀

💰he #cryptouniverseofficial market continues to reel under volatility, and SUI is currently at the center of heavy speculation. With traders aggressively building 25x leveraged short positions, SUI’s near-term path looks increasingly uncertain. As the token tests critical support zones, questions arise: will it stabilize, or is a larger breakdown forming? 🔍🕵️‍♀️

🚀Data from OnChain Lens shows that institutional players like Abraxas Capital are significantly increasing short exposure. The firm has reportedly gained over $55 million in unrealized profits through short positions on major assets including Bitcoin ($BTC ), Ethereum ($ETH ), Solana (SOL), Hyperliquid (HYPE), and Sui Network (SUI), primarily using the HyperLiquid exchange.

This build-up in shorts reflects a broader market strategy favoring downside protection as many top #cryptocurrencies have shown signs of weakness following a strong May rally.#BinanceAlphaAlert

🤖Key Support Zone at $3 in Play🤖

💰SUI’s price hovered around $3.00 at the time of reporting — a level that traders are closely watching. Technical analysis shows that holding this support could enable a rebound toward $3.90, or even a retest of the previous high near $5.36.#sui链

💰 But if the $3.00 mark gives way, the token could slide toward $2.00, and possibly even to the $1.38–$1.50 zone, which served as historical support during March and April corrections. A failure to maintain this floor could amplify bearish sentiment.

The Moving Average Convergence Divergence (MACD) histogram still shows green bars, suggesting bullish momentum hasn’t fully disappeared. Yet, there’s growing concern that a break in the pattern of higher lows could signal the start of a longer-term downward trend.#CryptoCharts101