SUI Drops 26% — Is a Wyckoff Spring & Short Squeeze Next? 📉🚀
$SUI is facing heavy pressure, sliding 4.6% in the last 24 hours to $0.7799 and down over 26% on the month. While the broader chart looks shaky and DeFi TVL has cooled to ~$394M, traders are spotting a classic contrarian setup.
The Bullish Case:
Wyckoff Spring Setup: Analysts note sell-side liquidity (stop-losses) is stacked just below the current range. A quick wick down to sweep those orders could trigger a sharp upward reversal.
Short Squeeze Fuel: CoinGlass liquidation heatmaps on Binance show dense short-liquidation clusters sitting right overhead at $0.81–$0.83. If bulls reclaim $0.784, aggressive shorts could get squeezed fast.
Fresh Liquidity: Over $100M in stablecoins flowed into the Sui ecosystem this past month, signaling underlying accumulation.
Key Levels to Watch:
Support: $0.750 – $0.780
Resistance / Squeeze Zone: $0.810 – $0.853
Are you buying this dip or waiting for $0.85 confirmation? Drop your targets below! 👇
#SUI #CryptoAnalysis #Altcoins #BinanceSquare #Trading
(Not financial advice. Always DYOR.)
$SUI
$SUI is facing heavy pressure, sliding 4.6% in the last 24 hours to $0.7799 and down over 26% on the month. While the broader chart looks shaky and DeFi TVL has cooled to ~$394M, traders are spotting a classic contrarian setup.
The Bullish Case:
Wyckoff Spring Setup: Analysts note sell-side liquidity (stop-losses) is stacked just below the current range. A quick wick down to sweep those orders could trigger a sharp upward reversal.
Short Squeeze Fuel: CoinGlass liquidation heatmaps on Binance show dense short-liquidation clusters sitting right overhead at $0.81–$0.83. If bulls reclaim $0.784, aggressive shorts could get squeezed fast.
Fresh Liquidity: Over $100M in stablecoins flowed into the Sui ecosystem this past month, signaling underlying accumulation.
Key Levels to Watch:
Support: $0.750 – $0.780
Resistance / Squeeze Zone: $0.810 – $0.853
Are you buying this dip or waiting for $0.85 confirmation? Drop your targets below! 👇
#SUI #CryptoAnalysis #Altcoins #BinanceSquare #Trading
(Not financial advice. Always DYOR.)
$SUI