Sui has a bearish outlook for the coming days after falling below the $0.8 level recently, and could be set to retrace some of its gains.
The spot CVD began to climb higher in the past 24 hours, making a bounce to the $0.9 local resistance zone more likely.showed bullish short-term signals and that a 9% move higher was possible. The network’s Total Value Locked grew and surpassed the $600 million and the news buoyed investors.
The market structure flipped bearishly on the 31st of August to show that a retracement phase was likely upon us. The $0.9-$0.93 zone is a short-term target before further losses.
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