Suiev 35% of the fall? Bears under pressure brackets

In the midst of this bear market feelings, sui, native token Sui Blockchain seems to be a bear and probably headed for a double -digit price drop, because in his daily time frame he formed a bear action pattern. This bear appearance on Sui moved because it fails to retain key support from the upward trend of trend to which she has witnessed a long period.

Sui technical analysis and upcoming levels

According to a professional technical analysis, with today’s price drop, Sui successfully confirmed his bear breakdown and moved the whole feeling of the teddy side.

Based on the recent prices and historical momentum actions, if the SUI is held below the level 4 USD, there is a great possibility that it could drop by 35% to reach a level of $ 2.30 in the future. On the positive side, the SUI -is a relative strength index (RSI) is 35.5, indicating that the property has enough space for further price drops.

Sui is currently traded close to $ 3.66 and testifies to a price drop of over 8.50% in the last 24 hours. During the same period, trading volume decreased by 55%, indicating lower retailers.

Sui outflow worth $ 18.5

In addition, SUI bears seem to be priced and strong bears market, long-term owners accumulate token, indicating a potential opportunity to buy, revealed by an analytics company on a chain Coingling. The data from the video inflow/outflow revealed that the exchanges were witnessing a significant outflow of over $ 18.5 in Sui Token value.

This significant exchanger outflow indicates potential accumulation and can cause pressure to buy and further increase in prices, which is difficult to experience due to bear feelings.

So far, the main level of liquidation is $ 3.56 on the bottom and $ 3.85 on the upper side, and the traders are excessive at these levels, as Coinglass reported.