SUI Token Drops 9% as Institutional Selling Hits Harder Than Broader Crypto Market

💡 DMK Insight

SUI’s 628% volume spike is a red flag, signaling potential volatility ahead. When a coin slices through key support and then bounces back without strong buying conviction, it often indicates uncertainty among traders. This could lead to further price swings as market participants reassess their positions. For SUI, the lack of solid buyer interest during the bounce suggests that the recent support level may not hold in the long term. Traders should keep an eye on the next few days for confirmation of this trend. If SUI fails to reclaim previous support levels, it could trigger stop-loss orders and further selling pressure. On the flip side, if there’s a sudden influx of buying volume, it might indicate a potential reversal, but that would require sustained interest. Watch for key levels around the recent support to see if they can hold. If SUI breaks below this level again, it could open the door to more significant declines. Keep your eyes peeled for volume metrics and price action over the next week to gauge market sentiment.