URGENT $SUI ALERT! SUIUSDT price just plunged -3.00% in only 15 minutes, trading around $0.8109 with 15m candle volume spiking to 2.3x the average. This sudden dump pushed the 15m RSI down to 28.2, signaling extremely heavy and rapid selling pressure.
With 67.4% of positions Long and the Funding rate slightly negative (-0.0006%/8h), the risk of Long liquidations being swept is very clear if the strong $0.81 support on both the 15M and 1H timeframes fails to hold. OI is down only -0.2%, suggesting this may be an initial spot sell-off or profit-taking in derivatives, rather than a major liquidation cascade.
The 15m MA7 at $0.8301 has turned into resistance. To reverse direction, SUI needs to quickly reclaim $0.8465 (15m resistance) and, more importantly, $0.8547 (1H resistance). DO NOT catch a falling knife before a candle has firmly closed above $0.81. Watch this level closely.
Can $SUI hold the $0.81 support, or will it continue to correct further? Share your thoughts! #EmergencyAlert #CryptoAlert
Disclaimer: This is not financial advice.
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With 67.4% of positions Long and the Funding rate slightly negative (-0.0006%/8h), the risk of Long liquidations being swept is very clear if the strong $0.81 support on both the 15M and 1H timeframes fails to hold. OI is down only -0.2%, suggesting this may be an initial spot sell-off or profit-taking in derivatives, rather than a major liquidation cascade.
The 15m MA7 at $0.8301 has turned into resistance. To reverse direction, SUI needs to quickly reclaim $0.8465 (15m resistance) and, more importantly, $0.8547 (1H resistance). DO NOT catch a falling knife before a candle has firmly closed above $0.81. Watch this level closely.
Can $SUI hold the $0.81 support, or will it continue to correct further? Share your thoughts! #EmergencyAlert #CryptoAlert
Disclaimer: This is not financial advice.
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