Sui Price Rejection at 200-Day Average Likely to Trigger Bearish Breakdown Below $0.83
Photo: Crypto Daily
Sui slumped this week as a rout in chip stocks spread across crypto markets. Leveraged traders were forced out, and the token gave back gains it had struggled to build. The damage leaves SUI tied tightly to Bitcoin and sitting under its long-term trend line. A modest bounce has followed, but sellers still control the chart. SUI traded near $0.847 on Nov 5, down about 9.5% in a single day. The drop came as a selloff in Nasdaq chip stocks spilled into crypto and hit every large coin. Bitcoin fell about 5.6% over the same 24 hours.
Source: Crypto Daily
