Sui (SUI) has dropped to $1.66 following a 70% decline from its all-time high of $5.35. The recent move has drawn attention from analysts, who point to signs of forced selling and potential positioning reset.
With volume rising and the price reaching key levels, traders are watching to see if this marks the start of accumulation.
Price Tests Key Support Levels
Crypto Patel described the move as a “classic capitulation flush,” noting that the $1.7 to $1 range could be viewed as an institutional accumulation zone.
“Forced liquidations complete. Weak hands out. Positioning reset,” he said.
Patel also added that a shift in market liquidity could reopen the path toward higher targets.
SUI is now testing a key support zone near $1.65. Below that, the $1 to $0.9 range is identified as a deeper support. These zones have held before and are being monitored closely. The price stability above these levels could attract interest, while failure to hold may trigger further decline.
Trend S
We współpracy z: https://cryptopotato.com/sui-crashes-into-crucial-support-bounce-or-breakdown-ahead/
