Sui loses momentum, eyes are $ 3.40, while merchants turn down star-news.press/wp

Main meals

SUI increased by 34 %, but now faces short -term sale pressure. Traders tend to drop, but $ 50 million in exchange indicates external flows to a long -term accumulation and a recovery of more than $ 4.20.

After increasing monthly prices by 34 %, SUI (SUI) suffers from a short -term sales pressure and it appears to be preparing for a potential decrease.

Sui gathered strongly over the past week, as it started from the disputed direction line and reaching the level of 4 dollars.

However, after failing to keep its last unification, the price procedure now indicates a possible correction or move on the downside.

Current price momentum

At the time of the press, after the price of 7.50 % decreased over the past 24 hours, SUI has been hovering near the level of $ 3.77.

but, Traders and investors have withdrawn, which led to a 26 % decrease in the SUI trading volume over the past 24 hours.

This decrease is possible from achieving profits after a rise in 34 % of prices, with capital rotation to assets dependent on the ecosystem such as Ripple (XRP) and Avalanche (Avax).

SUI prices and major levels

The technical analysis of Ambrypto indicates that SUI has turned into a short -term decline after the collapse of price unification near the level of $ 4.20.

Source: TradingView

If the current SUI and market morale persists, the price may decrease by 10 %, and it may reach support at $ 3.40 in the coming days.

On the contrary, $ 4.20 is still a key level. If SUI closes a daily candle over $ 4.20, 30 % may gather and target $ 5.50. This bullish scenario is only valid with a confirmed closure over $ 4.20 – otherwise it is nullified.

At the time of writing this report, sui’s RSI was cooled to 61, to the bottom of the excessive peak levels, indicating the fading momentum, unification or possible correction in the short term.

The SUI scale shared in the series mixed feelings

Looking at the current market conditions, merchants began to bet on the short side, as it revealed the analysis tool on the series Coinglass.

The data shows that the long/short short percentage of SUI is 0.87, indicating a strong feeling of merchants among merchants.

Source: Coinglass

Meanwhile, the main liquidation levels with traders showed $ 3.67 on the bottom side and $ 3.88 on the top side.

About $ 14.44 million of long positions and $ 20.90 million of short positions were recorded at these levels. This clearly reflects the feelings of merchants amid constant correction.

Source: Coinglass

However, investors and their long -term holders have benefited from this price decline by collecting more SUI.

Coinglass data reveals that approximately $ 50 million of SUI has left exchanges. This indicates the potential accumulation and indicating long -term capabilities.