SUI slips after 34% surge – All eyes on THIS support next
2025-07-19 19:06:36
Main Idea
SUI's price surged 34% but is now facing short-term selling pressure, with traders leaning bearish and key resistance at $4.20.
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.
Description
Sui is flashing a bearish pattern after being rejected at the $4.20 resistance, signaling a potential correction.
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