tl;dr
The SUI (SUI) exchange outflows have increased over the last three days, indicating a potential recovery from its recent decline. The current price is $3.23, down 17% from its all-time high. SUI shows bullish signs as the inflow/outflow since November 30 is about $25 million, suggesting holders are ...
SUI exchange outflows have surged over the last three days, indicating a potential recovery from its recent decline. The current price is $3.23, down 17% from its all-time high. SUI shows bullish signs as the inflow/outflow since November 30 is about $25 million, suggesting holders are not willing to sell. Additionally, SUI's funding rate is positive, implying trader expectations of a rebound. The 4-hour chart indicates strong support at $3.21, with potential for the price to climb to $3.94 if sustained. However, dropping below the $3.15 level could pose challenges for rebounding. If SUI exchange outflows drop, the forecast might be invalidated, potentially leading to a decline to $2.97.
Sui (SUI) exchange outflows over the last three days have increased, suggesting that the altcoin’s recent decline may not last. As of this writing, SUI’s price is $3.23, down 17% from its all-time high on November 17. Will SUI recover and rally above $4?
According to Coinglass, Sui Spot Inflow/Outflow since November 30 is cumulatively about $25 million, indicating potential selling pressure. However, if the outflows continue, SUI’s price might rally back to its all-time high. Data from Santiment shows that SUI’s funding rate is positive, suggesting a rebound. On the 4-hour chart, SUI bulls appear to be defending the price at $3.21, with potential for the price to climb to $3.94 if sustained. However, dropping below $3.15 may pose challenges for rebounding. If SUI exchange outflows drop, the forecast might be invalidated, potentially leading to a decline to $2.97.