Sui Analysis: 50% Price Drop Potential Amid Market Shift
Negative Market Sentiment for SUI
A notable indicator of the negative shift in sentiment toward SUI is its funding rate, which sits at a multi-month low of -0.067%. The funding rate is the periodic payment between traders who hold long positions and those holding short positions. When an asset’s funding rate is negative, traders are increasingly opening short positions, expecting price declines.
SUI Funding Rate Insights
SUI’s sudden drop in funding rate reflects the shift from bullish to bearish sentiment among traders, as they prepare for a potential price decline.
SUI Price Prediction: 50% Drop Ahead?
Readings from SUI’s moving average convergence/divergence (MACD) indicator highlight strengthening selling pressure. If the downtrend continues, SUI’s price could drop by 50%, retesting support at $0.86, with further declines possible to $0.46.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.