SUI Price Falls 13%, Pushing Traders to Pull Away | Airdrop Alert Pro

Sui Recently, the price fell by 13% after a failed attempt to create a new all-time high (ATH).

While the initial surge brought some optimism among traders, the altcoin’s correction created uncertainty in the market, causing traders to withdraw support. This shift in sentiment leads to volatile price action.

SUI faces challenges

Peripheral market sentiment Sui You Significant weakening, as evidenced by a sharp drop in open interest. Value of open positions on SUI futures A decrease of $248 million, from $923 million to $675 million.

This sharp decline suggests that many investors are withdrawing funds, reflecting the growing uncertainty surrounding SUI’s price trajectory. As traders lose confidence, the likelihood of further declines increases.

Technical factors also suggest that a period of consolidation is coming. Investors appear hesitant to maintain their positions, with uncertainty clouding SUI’s potential for a strong recovery. This situation is further exacerbated by the lack of new capital inflows, reinforcing caution about the market outlook.

Despite bearish price action, some indicators point to bullishness The power of SUI It hasn’t completely dissipated yet. Relative Strength Index (relative strength index) currently remains above the neutral line, indicating that the asset is not completely oversold. While this may indicate that there is still some underlying buying interest, it also reflects mixed market sentiment, which prevents decisive direction.

At this stage, the RSI is showing conflicting signals. On the one hand, it suggests a rebound is possible if buying pressure returns. On the other hand, an inability to break through key resistance levels could continue to weigh on SUI’s price, leading to sideways movements or further corrections.

su price With uncertainty currently ahead, sideways momentum is likely as key indicators reflect mixed signals. Although recently volatilitythe cryptocurrency remains capped by support and resistance levels. Investors are keeping a close eye on breakouts as a clearer trend may emerge once price action stabilizes.

SUI has fallen 13.5% in the past 48 hours and is currently trading at $3.65, not far from its all-time high of $4.49. The cryptocurrency appears poised to remain consolidated above the key support level at $3.20. This consolidation is likely to continue as traders wait for clearer market signals before making larger commitments.

should Sui management If the $3.94 support is to be recaptured, a rally to $4.49 ATH is possible. This would invalidate the bearish neutral argument and provide a new bullish outlook. Investors should keep a close eye on this level, as a successful rally could signal new upward momentum.