BTCC
/
BTCC Square
/
Global Cryptocurrency
/
SUI Price Dips Below Key $3.60 Support as Bearish Signals Mount
SUI Price Dips Below Key $3.60 Support as Bearish Signals Mount
4
2
[TRADE_PLUGIN]SUIUSDT,SUIUSDT[/TRADE_PLUGIN]
SUI News -
Sui (SUI) continues its downward trend, falling below the crucial $3.60 support level. The break of an ascending trendline indicates a potential shift in market structure, with both technical indicators and on-chain data presenting a bearish outlook.
CryptoQuant's Spot Taker CVD metric has turned negative, showing sustained selling pressure since mid-July. This on-chain signal, coupled with weakening momentum indicators, suggests the correction could deepen before finding a bottom.
The three-month Cumulative Volume Delta's downward trajectory confirms dominance by taker sells—a sharp contrast to the buy-side activity that previously fueled price gains. Traders appear to be closing positions as the technical picture worsens.
By:
