The post Sui Price Crash: Will it Bounce Back or Break Lower? appeared first on Coinpedia Fintech News
It’s been a wild 24 hours for Sui, where we’ve witnessed one of the fastest and most dramatic moves in the crypto market this year. As someone well-versed in crypto trading, the idea of a token nosediving nearly 87% in mere minutes is nerve-wracking. On October 10, the SUI price crashed from $3.80 to just $0.50 after 44 million tokens worth over $144 million were unlocked. Pouring into thin order books across Binance and Coinbase.
This cascade set off over $500 million in liquidations, including $100 million from SUI positions. Despite a partial recovery to $2.40, SUI ended up down 20.75% in 24 hours, outpacing the broader crypto market’s drop of around 9%. Now, SUI holders anxiously watch for signs of stabilization, hoping to spot the bottom as the technical picture continues to deteriorate.
Price Analysis: Sui Tests Critical Supports
After the gush of selling se
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