SUI Price Turns Bearish as Selling Pressure Rises: Is a Drop Below $1 Coming Next?
The post SUI Price Turns Bearish as Selling Pressure Rises: Is a Drop Below $1 Coming Next? appeared on BitcoinEthereumNews.com. The post SUI Price Turns Bearish as Selling Pressure Rises: Is a Drop Below $1 Coming Next? appeared first on Coinpedia Fintech News The SUI price is once again showing signs of weakness after failing to sustain above the crucial $1.30 resistance zone. Following a sharp breakout rally over the past few sessions, the token quickly lost momentum and slipped back toward lower support levels. The weakness comes shortly after the highly anticipated SUI Basecamp event in Miami, which was expected to generate stronger bullish momentum for the ecosystem. However, despite the event-driven hype, the broader market response remained relatively muted, with the rally fading quickly after the initial surge. At the same time, derivatives data now suggests bullish conviction may be weakening as traders begin reducing leveraged exposure around the recent highs. The latest rej