SUI has seen a significant drop, reaching 3.87 USD after losing 22% recently. It must hold the crucial support at 3.69 USD to evade deeper losses. Maintaining this support could stabilize prices and foster recovery.
Despite the bearish trend indicated by the RSI, which has hit its lowest since August 2024, the positive funding rate reflects traders’ confidence in SUI’s long-term potential. Reclaiming 4.05 USD could lead to a target price of 4.35 USD.
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