SUI token's recovery is pressured by ongoing token unlocks, with 13.72 million tokens worth $9.76 million set to unlock on August 1, adding to recent releases. Despite increased supply, the price is consolidating around $0.70 support, showing no panic among investors. Technical indicators suggest weakening momentum but no strong sell-off, with $0.70 as critical support and $0.7875 as a key resistance level to confirm recovery. Derivatives markets show balanced positioning, and stable exchange reserves indicate holders are not rushing to sell, keeping downside risks contained for now.
SUI cryptocurrency fell to about $0.72, nearing the lower band of its Gaussian Channel, a technical support level that traders watch for potential price rebounds. This drop places SUI roughly 86% below its all-time high of $5.35 from January 2025. De...
Sui (SUI) experienced a 5% price drop in 24 hours despite Coinbase enabling direct staking with rewards credited to users. This unexpected sell-off came amid a broader crypto market downturn, with Bitcoin and Ethereum also down slightly. Technical an...
Bitcoin remained steady just below $65,000 while the broader crypto market showed gains even as Brent crude oil surged to $97.66, its highest since May, driven by ongoing Iran conflict concerns. This resilience contrasts with past oil price spikes th...
