Sui Coin Faces Sharp Decline After Recent Surge – BitRss

Sui Coin (SUI), which recently experienced a brief upward trend in the cryptocurrency market, encountered a significant drop over the past weekend. This decline resulted in approximately a 10% loss in value for SUI within just 48 hours.

Sui Coin’s Price Hovers Near Critical Breakdown Point

In the last 24 hours, Sui Coin has seen a decrease of 7.26%, drawing attention with a trading volume of $1.29 billion. While the trading volume increased by 48.18%, the altcoin experienced a 12.3% correction in price over the past week. Nevertheless, a year-to-date return of 10.86% is viewed as a potential recovery signal for SUI.

SUI Coin

Technical indicators present a mixed picture for SUI. The Moving Average Convergence Divergence (MACD) indicator shows a rising red histogram on the daily chart, suggesting increased selling pressure.

However, …