Currently, SUI trades at 2.22 USD, down 8.73% in the last 24 hours. The market shows strong bearish control, highlighted by liquidation data indicating long positions are pressured, revealing an imbalance favoring sellers.
Sentiment remains cautious with negative funding rates indicating dominance of short positions. Unless SUI breaks above 2.52 USD decisively, risk of further declines persists, making a bullish reversal uncertain.
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