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SUI at a Crossroads: Bulls Battle to Reclaim $4 Amid Market Pressure
SUI at a Crossroads: Bulls Battle to Reclaim $4 Amid Market Pressure
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[TRADE_PLUGIN]SUIUSDT,SUIUSDT[/TRADE_PLUGIN]
SUI News -
SUI is currently trading at $3.88 with a market capitalization of $12.36 billion, facing challenges below the critical $3.85 support level. Significant liquidations are concentrated in the $3.90–$3.95 range, intensifying selling pressure.
Despite short-term bearish indicators, SUI’s fundamentals remain robust. Total value locked (TVL) has surged 70% to $2.06 billion, while active users increased 35.24% to 190 million—key metrics that could bolster a long-term bullish outlook.
Analyst @TitaniumXBTC recommends short positions NEAR $3.85 with stop-losses set at $4.06, targeting the breakdown of key support. The $4 psychological barrier stands as the decisive level for any potential bullish reversal.
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