Markets· ★★· bearish·

SUI Falls 6.1% to $0.93, Tests Key Support

  • —Price at $0.929, down 6.10% on the day, session low $0.913
  • —Volume of $408.4 million is 48.27% below the 30-day average
  • —RSI at 39.2 and stochastic at 7 signal oversold; MACD stays bearish
  • —$945,000 of SUI positions liquidated, $724,000 of them longs
Why it matters: The drop came on thin volume with no confirmed catalyst, so whether support holds will decide if this is a correction or a trend reversal.
Source: DiarioBitcoin