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SUI Crypto Stuck in $2-$3 Range as Demand Stalls; BTC Dominance Poses Threat
SUI Crypto Stuck in $2-$3 Range as Demand Stalls; BTC Dominance Poses Threat
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[TRADE_PLUGIN]SUIUSDT,SUIUSDT[/TRADE_PLUGIN]
SUI News - SUI’s price appears range-bound between $2 and $3 due to lackluster demand. With BTC dominance climbing to 64%, SUI’s recovery could face headwinds. The $2 support level, defended by bulls since March, lacks strong spot market demand to fuel a sustained rebound. On the 12-hour chart, this level coincides with March 2024’s peak and served as a launchpad for November’s rally. It also functions as a weekly bullish order block, signaling robust support on higher timeframes.
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