Markets· ★★· bearish·

SUI trades at $1.15 as volume runs 24% above average

  • —SUI trades at $1.15 versus a $1.21 prior close and $1.17 open
  • —Daily volume of $1.02 billion is 24.27% above the 30-day average
  • —RSI at 63.8 and MACD bullish, but price is below the $1.16 VWAP
  • —A 23.38 million SUI unlock, roughly 0.2% of supply, is reported as scheduled
Why it matters: Heavy volume without a reclaim of VWAP and a potential token unlock keep the risk of further downside for SUI.
Source: DiarioBitcoin