$SUI
Market Dynamics: The SUI token appears to be in a correction phase after reaching recent highs. High trading volumes might indicate the potential for sharp moves in either direction.Layer 1/Layer 2 Attention: Being part of the Layer 1/Layer 2 ecosystem, SUI remains attractive for long-term holders if the protocol development remains robust.
Bearish Momentum: The -8.89% decline reflects bearish sentiment, possibly due to market sell-offs or broader market corrections.Strong Volume: High trading volume indicates significant market participation, often signaling a potential reversal or continuation of trend depending on upcoming catalysts.
Entry Point: $4.80 (current price level).Target 1: $4.90 (short-term resistance).Target 2: $5.00-$5.10 (psychological resistance and breakout potential).