CandleFocus Sui Trading Volume Plummets 30% as Traders Take a Wait-and-See Approach
2024-10-25
Author: Content Editor
The trading volume of Sui (SUI) has decreased by 30% in the past 24 hours, leading to a drop in market interest. Traders who anticipated a move towards $3 have revised their expectations. The 24-hour Long/Short Ratio is currently below 1, suggesting that traders are awaiting clarity on SUI's price direction. SUI's price has fallen below the 20-day Exponential Moving Average (EMA) for the first time since April, indicating a potential decline. However, if trading volume increases, the outlook could shift and the price could rally to $2.37.
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