SUI Rallies 100%, But Signs Of Fatigue Emerge – Is A Drop Incoming?

Quick Summary:

Price Slips And Declining Market Activity SUI was trading at $1.84 at press time after losing 5% of its value within only 24 hours.

SUI: Slowing Momentum But Potential Bounce The token started to sell off as its Relative Strength Index (RSI) dropped below a key signal line, indicating declining momentum.

Strong support levels draw buyers who see value at lower levels, thereby acting as a basis for the price to increase once again.

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Article Details

Author / Journalist: Christian Encila

Category: Crypto

Markets: United KingdomCanadaSouth KoreaPhilippines

Topics: SUI Memecoin Altcoin Crypto Cryptocurrency Market News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-11 @ 11:30:52 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 467 words

Reading Time: 3 minutes read

Sentences: 77 lines

Sentence Length: 7 words per sentence (average)

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

Copyright Owner: © NewsBTC

News ID: 22996682

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About NewsBTC

Main Topics: Crypto

Official Website: newsbtc.com

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News Last Updated: 10 hours ago

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