Sui’s price has fallen below $3 for the second time in June, indicating a bearish trend. The decline in Open Interest reflects diminishing optimism among traders, increasing the chances of downside risks.
Sui’s Total Value Locked has decreased to $1.783 billion, marking an 8.11% drop in the last 24 hours. Despite this, liquidity is on the rise, as shown by the stablecoin market cap increase.
Technical indicators such as MACD and RSI hint at a prevailing bearish trend. Sui risks a triangle breakdown if prices remain below the $2.92 level, with further support at $2.57.
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