SUI is trading at $1.0651, about 17.6% below its 200-day moving average of $1.2873, after dropping from $4.00 to $0.50 over four months. Technical indicators like RSI have moved from oversold to neutral, and the MACD gap is narrowing, signaling potential momentum building without a confirmed buy signal yet. On-chain data reveals large orders clustering around $0.90-$1.00, suggesting whale accumulation and a strong support zone. This pattern indicates selling pressure may have been absorbed, and a rebound could be on the horizon if price moves above the 200-day average with confirming signals.
Bitcoin fell below $70,000 for the first time since April 7, dropping over 2% amid concerns triggered by Strategy's $2.5 million bitcoin sale, signaling potential further sell-offs. Ether also declined, while AI-related tokens like Humanity Protocol ...
Most major cryptocurrencies experienced price declines, with Bitcoin falling 3.44% to $71,096 and Ethereum down 2.33% to $1,963.78. Other notable drops include Binance Coin (BNB) down 5.83% and Cardano (ADA) down 3.79%. Some smaller tokens showed gai...
Between May 28-29, the Sui Foundation experienced three outages caused by bugs in its transaction and key generation systems, disrupting transaction processing and settlement. The first two outages were due to a bug in the new address balance and gas...
Modest gains in Bitcoin and Ethereum caused a wave of short liquidations in crypto derivatives markets, with $4.9 billion in Bitcoin shorts and $5.6 billion in Ethereum shorts liquidated over 24 hours. This indicates heavy bearish positioning, making...
SUI remains in a long-term downtrend, recently falling below key support levels and trading near $0.86–$0.90. Network outages in May and June have shaken investor confidence, causing sharp price declines and raising concerns about the coin's infrastr...
