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Red Alert for SUI: Does the 10% Crash Spark Fears of Retesting Lows?

  • SUI is currently trading around $2.97 with a 73% increase in daily trading volume.
  • The SUI market saw $13.39 million in liquidations amidst a bearish start to the day for the overall crypto market.
  • The crypto market cap dropped by over 4.43%, with a neutral sentiment and major assets in the red trading zone.
  • SUI faced a significant 10.83% loss in the last 24 hours, trading between $3.37 and $2.94.
  • The monthly SUI price chart shows a 26.13% loss, with high and low price ranges of $4.16 and $2.89.
  • SUI's technical indicators suggest a bearish shift with MACD and CMF indicators signaling negative momentum.
  • The potential support range for SUI is at $2.89, with a possibility of retracement below $2.80.
  • A price reversal could push SUI to test resistance at $3.07, aiming for a break-out or break-down at $3.15 range.
  • SUI's Bull Bear Power value at -0.4684 indicates bearish momentum, while RSI stands at 25.95 in oversold territory.

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