Rise

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/sui-price-faces-bearish-trends" data-wpel-link="internal" rel="noopener noreferrer nofollow">SUI Price Faces Bearish Trends</a><br></p>
<p style="text-align: justify">SUI price recently captured attention as one of the top performers due to a sudden price surge. However, despite this increase, charts reveal that SUI’s bearish trend may persist, suggesting a potential decline. Various indicators, including the Relative Strength Index (RSI), imply that the recent rise might not be sustainable and that the downtrend could continue.</p>
<h2 id="what-do-the-charts-indicate">What Do the Charts Indicate?</h2>
<p style="text-align: justify">The SUI price surge ended a nearly four-month downtrend, but the downtrend line on the chart and the RSI indicate a hidden continuation divergence. This pattern often signifies a bearish trend, hinting that SUI could drop below the downtrend line it recently surpassed.</p>
<p style="text-align: justify">The hidden continuation divergence indicates bearish momentum, suggesting that downward pressure may prevail. If this bearish sentiment strengthens, SUI might return to its previous downtrend, leading to further declines.</p>
<h2 id="will-the-price-rise-again">Will the Price Rise Again?</h2>
<p style="text-align: justify">SUI’s negative funding rate supports the bearish outlook. A negative funding rate usually indicates more <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">investors</a> shorting futures, which adds downward pressure on the price. As this trend persists, the bearish sentiment could intensify, possibly resulting in continued price drops.</p>
<p style="text-align: justify">If investor expectations remain pessimistic, the rising negative funding rate may signal a prolonged bearish trend. Conversely, should sentiment improve, SUI’s price could rise above key resistance levels.</p>
<h2 id="key-takeaways-for-investors">Key Takeaways for Investors</h2>
<p style="text-align: justify">Investors can derive the following insights from the current market scenario:</p>
<ul>
 <li>Monitor the RSI and continuation divergence for signs of sustained bearish trends.</li>
 <li>Pay attention to the negative funding rate as it indicates market sentiment.</li>
 <li>Watch for key support levels at $0.779 and $0.707; breaking these could lead to further declines.</li>
 <li>Consider potential pullbacks in strategies to mitigate risks.</li>
</ul>
<h2 id="conclusion">Conclusion</h2>
<p style="text-align: justify">Despite a recent 27% price increase, SUI faces significant bearish trends. It currently trades at $0.85, with a market cap of $2.195 billion. The price could test the $0.779 support and potentially fall to $0.707 if bearish trends persist. Conversely, if investor sentiment shifts positively, SUI might exceed $0.894.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/sui-price-faces-bearish-trends" data-wpel-link="internal" rel="noopener noreferrer nofollow">SUI Price Faces Bearish Trends</a></h5>

SUI Price Faces Bearish Trends

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