$SUI Long Liquidation Alert
💥 Liquidation Breakdown:
A notable $55,600 in long positions was liquidated as $SUI dropped to $5.077. This sharp move downward highlights strong bearish momentum, catching bulls off guard.
📉 Momentum Analysis:
Bearish Control: Sellers have overtaken buyers, pushing the price lower and triggering liquidations.
Support Zone: $5.05 could be the next critical level to watch, as a breach might lead to further declines.
⚠️ Key Insights:
Downside Risk: If bearish pressure persists, $SUI might test $5.00, a psychological support level.
Bounce Potential: A quick recovery above $5.08 could signal buyers stepping in for a possible rebound.
SUI is navigating turbulent waters—stay prepared for heightened volatility as the battle between bulls and bears continues!