SUI's Q3 support has attracted huge liquidity from leveraged longs, which could expose the bulls to liquidation risk.
In fact, it was one of the assets which hit an all-time high during the October market recovery. This made the SUI price retracement seen afterward as irresistible for sidelined speculators.
Additionally, the 50-day EMA has been a crucial dynamic support lately, easing the late October and November price plunges.
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