CandleFocus Key Levels to Watch SUI Price Faces Major Correction Ahead
2025-01-30
Author: Content Editor
The SUI price experienced a slight increase of 1.3% and reached a trading price of $1.36. This positive movement may be due to the U.S. Federal Reserve's decision to maintain the federal funds rate. However, the total volume locked in SUI networks has dropped by 20% in the last three weeks, indicating a potential decrease in confidence from investors. The SUI price has seen a 30% decline since forming a local top at $5.36 in early January. Currently, the price is seeking support at the 38.2% Fibonacci retracement level, with the next major support at $2.9. A breakdown below these levels could lead to an extended correction below $3.
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