$SUI shows signs of exhaustion after 98% gain – Fall ahead? - AMBCrypto Analytics
As of press time, SUI is trading at $1.82, following a 4.4% price drop over the last 24 hours. CoinMarketCap reports a 6% decline in trading volumes, signaling a waning interest in the token. The red volume histogram bars for the past three days highlight strong sell-side pressure.
The Chaikin Money Flow (CMF) has also trended downward, suggesting a significant outflow of capital from SUI. On the one-day chart, the CMF has turned negative, as selling pressure has overwhelmed buyers, likely due to profit-taking after the recent uptrend weakened. The Relative Strength Index (RSI) crossed below the signal line, generating a sell signal, which likely fueled the ongoing sell-off.
If sellers maintain control and buying activity remains weak, SUI’s price could fall to test the support level at $1.70. Buyers may re-enter at this point, but for a sustained uptrend, SUI needs to break above the $2 resistance.
