URGENT WARNING
$SUI (SUIUSDT): Price just spiked with a strong bearish candle, dropping -3.27% in only 15 minutes; it’s currently trading around $1.063. The 15M RSI has fallen to 24.8, indicating an extremely oversold condition right at the support zone of $1.0619, which is an important level for both the short-term range and the 1H trend.
Even though the Funding Rate is slightly positive and the Long side makes up 68.3% of Open Interest, the OI is rising by +4.4% right as the price suddenly plunges—this suggests an unexpected liquidation sweep of Long positions is underway. This looks like whale-driven selling pressure, pushing the price toward major liquidation levels.
Pay special attention: DO NOT FOMO into falling prices before a candle confirms a firm close above $1.0619. If this support breaks, the risk of
$SUI going deeper toward the $1.00–$1.02 area is very real. On the other hand, for recovery,
$SUI needs to break above the MA7 resistance ($1.0909), and then $1.1272. What do you think—will
$SUI hold the $1.0619 level, or will it go find a new bottom?
#EmergencyAlert #CryptoAlert
DISCLAIMER: This is not financial advice. Always do your own research (DYOR) and manage risk carefully.
---