71% of traders $SUI are short on Binance, is it time to sell?
SUI could drop 20% to $1.62 if it fails to close the daily candle above $2.2.
SUI Price Analysis and Upcoming Levels
According to expert technical analysis, SUI is currently at $2, where it experienced a massive drop of over 50% the last time it reached this level. However, active short positions on Binance suggest that a similar drop could occur this time.
Based on recent price momentum, if SUI fails to close the daily candle above $2.2, there is a strong possibility that it could drop 20% to $1.62 in the coming days. On the other hand, if it holds above $2.2, there is also a possibility of reaching a new high in the near future.
Currently, the Relative Strength Index (RSI) of SUI is in the overbought zone, signaling a possible price correction or perhaps a price drop in the coming days.
