๐ฅ๐ฅ ๐๐ฒ๐ ๐ฃ๐ผ๐ถ๐ป๐๐ ๐ณ๐ฟ๐ผ๐บ ๐ฆ๐จ๐โ๐ ๐ฅ๐ฒ๐ฐ๐ฒ๐ป๐ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐๐ฐ๐๐ถ๐๐ถ๐๐๐ฅ๐ฅ
1. All-Time High and Decline: SUI hit an all-time high of $2.36 on October 14 but has since dropped to $2.04, marking a 14% decline due to profit-taking.
2. Key Resistance at $1.97: SUI is trading just above the $1.97 resistance level. If selling pressure persists, SUI could drop further, potentially seeking support from the Ichimoku Cloud.
3. Bearish MACD Signal: The MACD line has crossed below the signal line, indicating a shift from bullish to bearish sentiment, suggesting increased selling pressure in the market.
4. Weakening Momentum: If SUIโs price enters or drops below the Ichimoku Cloud, it may signal a transition to a bearish trend and further weakening momentum.
5. Decline in Open Interest: SUIโs open interest peaked at $709 million on October 14 but has since fallen 24% to $538 million, indicating reduced trader interest and fewer active positions in the altcoin.
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