In the past 6 hours, volume is 1.85x, yet $SUI has still fallen 5.06%.
03:20 data: Contract open interest fell 6.63% over 24 hours (from 141.89 million SUI to 132.48 million SUI). The large-holder long/short ratio is 2.72, and the retail long/short ratio is 2.35— the side with more money is more willing to take bids than the side with more people.
1h MA20: 1.0033; RSI14: 32.93. The current price is 0.9629, sitting 4% below MA20. Support: 0.9274; Resistance: 1.0376. I’m somewhat bearish on this drop: if it can’t reclaim 1.0033, I won’t touch it; if it breaks below 0.9274, I’ll exit.
03:20 data: Contract open interest fell 6.63% over 24 hours (from 141.89 million SUI to 132.48 million SUI). The large-holder long/short ratio is 2.72, and the retail long/short ratio is 2.35— the side with more money is more willing to take bids than the side with more people.
1h MA20: 1.0033; RSI14: 32.93. The current price is 0.9629, sitting 4% below MA20. Support: 0.9274; Resistance: 1.0376. I’m somewhat bearish on this drop: if it can’t reclaim 1.0033, I won’t touch it; if it breaks below 0.9274, I’ll exit.