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Sui Price Drops 6% Despite Surging Daily Inflows, Is the Correction Over? Coingape 28 Oct 2024

Sui Price Drops 6% Despite Surging Daily Inflows, Is the Correction Over? 📉

Despite witnessing a 6% decline in Sui's price, the cryptocurrency has experienced rising daily inflows, attracting attention across the market. This situation raises questions around whether the correction phase for Sui is truly complete, or if further shifts are to be expected.

Market analysts have issued warnings about getting caught up in the rising hype, with some suggesting that the price of Sui might see a further decline of up to 20%. This cautionary note indicates that the correction process might still be in progress.

The speculation surrounding Sui's price trajectory highlights uncertainty within the current state of the cryptocurrency, pushing traders and investors to reconsider their moves before committing to potential opportunities related to Sui.

Source: coingape.com ↗

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