SUI Price Dips as Death Cross Warning Looms
Sui The price has fallen by more than 3.5% in the past 24 hours, bringing its market capitalization to $13.4 billion and currently ranking 14th. Recent technical indicators paint a bearish picture, with the Chaikin Money Flow (CMF) turning negative and the Average Directional Index (ADX) suggesting momentum is building in an ongoing downtrend.
Additionally, the death cross on the SUI EMA line indicates continued downward pressure. Key support and resistance levels will play a key role in determining whether SUI continues its decline or manages to reverse the current trend.
SUI CMF falls sharply
Sui CMF (Chaikin Fund Flow) has fallen to -0.15, a sharp drop from 0.10 three days ago, indicating a significant shift in market sentiment. CMF turned negative for two consecutive days, indicating that selling pressure was greater than buying pressure and more funds flowed out of SUI.
The fall in CMF is consistent with a bearish outlook, pointing to declining investor confidence and the possibility of continued price weakness.
CMF is a momentum indicator that measures the volume-weighted average flow of capital into or out of an asset. Values above zero reflect positive flows, indicating accumulation or buying dominance, while values below zero reflect negative flows, indicating allocations or selling dominance.
and ON CMF Currently at -0.15, the continued negative value highlights ongoing selling pressure, which could lead to further price declines unless buying momentum resumes to offset the current trend.
The SUI downward trend is getting stronger
SUI ADX up It rose from 12.9 to 19.7 in the past three days, showing a strengthening trend. While ADX below 20 still indicates a weak trend, an upward move suggests momentum is building despite the current bearish trend.
This increase highlights that if selling pressure continues to dominate, the current downward trend may become more clear-cut.
ADX (Average Directional Index) measures the strength of a trend but does not indicate its direction. Values below 20 indicate a weak trend, and values above 25 indicate a strong trend. For SUI, the rise in ADX to 19.7 reflects increasing directional momentum within the current downtrend.
If ADX breaks above 25, it will confirm the strength of the downtrend and could lead to further price declines unless buying pressure emerges to reverse the trend.
SUI Price Prediction: Can It Fall Below $4?
Sui The EMA lines indicate a bearish pattern, forming a death cross yesterday, with the short-term EMA below the long-term EMA.
The current trajectory of the shortest moving average suggests that another death cross may occur soon, reinforcing the bearish sentiment. This adjustment reflects continued downward momentum and is consistent with the current downward trend Sui price.
If the current downward trend continues, SUI can be tested Support is at $4.38. Failure to hold this level could lead to further losses, with the next key support level at $4.11. A break below this level could push SUI below the $4 mark to test $3.94.
Conversely, if the trend reverses, SUI could test resistance at $4.75, above which it could open the door to $4.91. If the uptrend gains enough strength, SUI price could break above the $5 mark and test $5.25.
Disclaimer
conform to trust project Guide, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to providing accurate and unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult a professional before making any financial decisions. Please note that our terms and Conditions, privacy policyand Disclaimer Updated.
