$SUI is showing signs of fatigue after a sharp rise. Will it fall in the future?
SUI has performed well in the cryptocurrency market in recent months. In the past 30 days, the price has soared by more than 98%, and the market value has doubled by more than $5 billion. However, after more than a month of steady growth, SUI's rebound is now showing signs of fatigue. The outflow of funds increased, the price fell, the trading volume decreased, and the seller's pressure increased. The relative strength index formed a sell signal. If there is little buying activity, the price may fall to the $1.70 support level; if it wants to continue to rise, it needs to break through the $2 resistance. The derivatives market also showed that SUI cooled down, the open interest decreased, the liquidation amount was high and long traders were liquidated more, and the long-short ratio was close to neutral but with slightly more shorts. The future trend of SUI is full of uncertainty, and market participants need to pay close attention.
