SUI slips after 34% surge – All eyes on THIS suppo

SUI slips after 34% surge – All eyes on THIS support next
Sui is flashing a bearish pattern after being rejected at the $4.20 resistance, signaling a potential correction

Key Takeaways 
SUI surged 34% but now faces short-term selling pressure. Traders lean bearish, yet $50 million in exchange outflows suggest long-term accumulation and potential for a rebound above $4.20.

After a notable 34% monthly price surge, Sui (SUI) is experiencing short-term selling pressure and appears to be poised for a potential price drop.
Sui rallied strongly over the past week, breaking out of a descending trendline and reaching the key $4.20 level.
However, after failing to hold its recent consolidation, the price action now signals a potential correction or downside move.