$SUI Sui Forming Round Top ๐ง ๐ | Warning Signs Emerge on the Chart โ ๏ธ๐
๐จ Sui is sending caution signals as a round top pattern takes shape on the charts โ often a classic reversal indicator. Traders are watching closely, as momentum appears to be slowing down ๐๐งฏ.
๐ The RSI is flattening and hinting at weakening buyer strength ๐๐, while the MACD shows signs of a bearish crossover ๐ป๐ง . These indicators are telling us that the recent bullish push might be losing steam โ๏ธ๐.
๐ป Volume spikes are fading, and buy volume is declining while sell pressure increases ๐งจ๐ฃ. This shift in momentum is typical when a market tops out, and many are bracing for a potential downturn.
๐ผ On-chain data reveals whale distribution ๐ฆ๐, with exchange balances rising โ indicating tokens are flowing back onto platforms, a signal often associated with incoming selloffs ๐๐ฆโ ๏ธ.
๐ฌ Social sentiment is cooling ๐ง, and wallet growth is slowing, further supporting the cautious outlook. The hype is waning, and smart traders are taking notice ๐ง ๐.
๐ง The round top suggests Sui might enter a downtrend unless strong support holds the floor. Risk management is crucial here โ chasing pumps in this setup could end badly ๐๐.
If momentum doesn't return fast, Sui may test lower support zones in the short term. Stay alert โ this oneโs looking top heavy and may not hold up without serious buyer support. ๐งฑ๐
โ ๏ธ Not financial advice โ always DYOR ๐ง ๐