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SUI News: Price Decline Continues as Bearish Sentiment Grows

SUI News: Price Decline Continues as Bearish Sentiment Grows

Published:
2025-01-23 12:40:19
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[TRADE_PLUGIN]SUIUSDT,SUIUSDT[/TRADE_PLUGIN]

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The price of Sui (SUI) has continued to drop, currently trading below the $4.37 mark after being rejected from its ascending trendline. According to data from Coinglass, SUI’s long-to-short ratio has hit its lowest point in over a month, indicating a growing bearish sentiment among investors. Technical analysis suggests a potential 30% correction in the market as momentum indicators are showing signs of weakness.

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