$0.6796 on $SUI and the tape is still heavy đ
-1.51% on the day, -1.9% in the last 4h. Thatâs not random chop. Thatâs sellers still leaning on it while volume sits only $14.08M and is running at 0.9x the 20d average. đ§
RSI on the 4h is 43, so itâs not dead, but itâs also not showing real demand yet. Price is still below the 20d and 50d MAs, which is the part people keep ignoring. Shorts are even paying -0.002% funding. That usually means the crowd is getting too comfy on the short side⊠and that can squeeze fast if bids show up. âĄ
Right now this looks like a market waiting for a real reclaim, not a breakout. Until it gets back above the moving averages, I treat every bounce as suspect.
What's your target here?
#Sui #Layer1 #Altcoin
-1.51% on the day, -1.9% in the last 4h. Thatâs not random chop. Thatâs sellers still leaning on it while volume sits only $14.08M and is running at 0.9x the 20d average. đ§
RSI on the 4h is 43, so itâs not dead, but itâs also not showing real demand yet. Price is still below the 20d and 50d MAs, which is the part people keep ignoring. Shorts are even paying -0.002% funding. That usually means the crowd is getting too comfy on the short side⊠and that can squeeze fast if bids show up. âĄ
Right now this looks like a market waiting for a real reclaim, not a breakout. Until it gets back above the moving averages, I treat every bounce as suspect.
What's your target here?
#Sui #Layer1 #Altcoin