I've been watching $SUI grind down to $0.90 for three days — and the floor still hasn't given way.
Each bounce gets weaker. Sunday's high was $0.94, Monday's was $0.93, and even a 9.8-million-token push on Monday evening only reached $0.9312 before fading back to $0.91. Six taps of the $0.90 zone since Sunday, and buyers keep showing up at the same line.
What changes my mind is a 4-hour close under $0.90. Below it there's no nearby shelf — the last traded floor I can point to is around $0.81, a long way down. Above it, $0.9312 is the ceiling to reclaim first, then $0.98.
What I can't shake is the timing: the Fed decision due October 28 lands right on top of this compression, and squeezed ranges rarely stay quiet through a decision like that. Large-cap token or not, a break here would be fast.
Were you buying each touch of $0.90, or waiting for the Fed decision to pick a side first?
Not financial advice. Do your own research.
$SUI #Altcoins #SUI #FOMC
Each bounce gets weaker. Sunday's high was $0.94, Monday's was $0.93, and even a 9.8-million-token push on Monday evening only reached $0.9312 before fading back to $0.91. Six taps of the $0.90 zone since Sunday, and buyers keep showing up at the same line.
What changes my mind is a 4-hour close under $0.90. Below it there's no nearby shelf — the last traded floor I can point to is around $0.81, a long way down. Above it, $0.9312 is the ceiling to reclaim first, then $0.98.
What I can't shake is the timing: the Fed decision due October 28 lands right on top of this compression, and squeezed ranges rarely stay quiet through a decision like that. Large-cap token or not, a break here would be fast.
Were you buying each touch of $0.90, or waiting for the Fed decision to pick a side first?
Not financial advice. Do your own research.
$SUI #Altcoins #SUI #FOMC
