SUI Fails to Sustain Bullish Momentum: Transaction Volume Drops

Quick Summary:

SUI, having recently achieved a new all-time high (ATH) of $2.18, finds itself at a critical juncture as the bullish momentum that propelled it to this peak shows signs of waning.

The Chaikin Money Flow (CMF), a key metric for gauging buying and selling pressure, has been consistently negative since the beginning of the month.

Within a mere 48-hour window, transaction volume has plummeted by 30%, falling from $1.1 billion to $830 million.

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Article Details

Author / Journalist: Vignesh k

Category: Crypto

Markets: United Arab Emirates

Topics: SUI Altcoin News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-10 @ 19:00:57 (13 hours ago)

News Timezone: GMT +0:00

News Source URL: thenewscrypto.com

Language: English

Article Length: 286 words

Reading Time: 2 minutes read

Sentences: 24 lines

Sentence Length: 12 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TheNewsCrypto

News ID: 22986609

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About TheNewsCrypto

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Update Frequency: 30 posts per day

Year Established: 2020

Headquarters: United Arab Emirates

News Last Updated: 13 hours ago

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