SUI slips after 34% surge – All eyes on THIS support next

Key Points

1. SUI surged 34% but now faces short-term selling pressure, with a 7.50% price dip in the last 24 hours.

2. Key resistance level is at $4.20; a breakout above this could lead to a 30% rally, while failure may result in a 10% drop to $3.40.

3. Trading volume dropped 26% in 24 hours, likely due to profit-taking after the rally.

4. SUI's long/short ratio is 0.87, indicating strong bearish sentiment among traders.

5. Investors are accumulating SUI during the dip, with nearly $50 million worth of SUI leaving exchanges.