Besides, this analysis suggests that when the True Retail Long% falls below a critical threshold, SUI’s price tends to move toward its range top, indicating a potential peak.
The True Retail Long% represents the percentage of retail traders holding long positions in a cryptocurrency. For SUI, this figure is around 34.42%, the lowest among the ranked cryptocurrencies on Hyblock’s Crypto Rankmap.
Historically, a True Retail Long% below 35% has coincided with price surges, pushing SUI to its range top. Hyblock’s data highlights that previous dips below this percentage have resulted in notable price increases for SUI.
Historical Price Patterns
Hyblock’s analysis has consistently shown a relationship between SUI’s price action and its True Retail Long%. Each time the percentage dropped below 35%, SUI experienced a price rise toward its range top.
The most recent example occurred when the price surged above $2.10, coinciding with a dip in retail long interest.
Potential Price Surge Indicators
While SUI’s True Retail Long% currently remains above the critical threshold, market participants are advised to keep a close watch on this metric. Should it fall below 35%, another price surge could be imminent based on historical data.
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