The Binance hacking incident has dragged #sui down 10%📉, and it has been consolidating below $0.90. The market is still digesting the hack, the U.S. election, and geopolitical news, keeping sentiment on edge. $SUI
In the third quarter, it surged from $0.63 to $1.30, doubling in value, but it has already retraced 34% in the fourth quarter. The key level to watch next is the $0.84 support. Holding above it could create an opportunity for a rebound, while a sustained move above $0.95 would signal strength. If it breaks below $0.84, it could fall back into the third-quarter range of $0.66–$0.84, leaving another 10%–21% downside. Short liquidation liquidity is stacked around $0.91–$0.97, while long liquidation clusters lie around $0.77–$0.82, so there’s plenty of uncertainty🤔
In the third quarter, it surged from $0.63 to $1.30, doubling in value, but it has already retraced 34% in the fourth quarter. The key level to watch next is the $0.84 support. Holding above it could create an opportunity for a rebound, while a sustained move above $0.95 would signal strength. If it breaks below $0.84, it could fall back into the third-quarter range of $0.66–$0.84, leaving another 10%–21% downside. Short liquidation liquidity is stacked around $0.91–$0.97, while long liquidation clusters lie around $0.77–$0.82, so there’s plenty of uncertainty🤔
