SUI reached a record high of $2.36 amid some FUD relating to rumors of insider sell-offs. Despite the decline, market sentiment remains optimistic, with investors predicting a bounce back.
The coin’s Funding Rate, initially negative, has rebounded, indicating that traders expect an upturn for SUI.
The Balance of Power, assessing buyer versus seller strength, is rising, suggesting bullish trends. This points to a potential price climb above $2.11. Traders believe SUI could overcome its recent challenges and aim for a 20% increase.
If SUI maintains its current support level at $2.05, it might reach a new high soon. However, failure to hold this level could see a drop back to $1.84.
