SUI Price Plummets 4.85% as Top Traders Load Up on Longs

The price of SUI took a 4.85% beating in just 24 hours and dropped to $0.68, pinning itself against its Bollinger lower band with every moving average stacked overhead as resistance.

Despite the bearish chart setup, top traders are quietly loading up on SUI, with 69% of smart money positioned long and open interest jumping 5.25%. This suggests that someone is accumulating deliberately into this selloff.

The immediate setup looks like a coil winding for a violent short-term move in either direction, with the $0.67-$0.68 zone being the line in the sand where the bounce trade lives or dies.

The moving average stack overhead is uniformly bearish and uncomfortably compressed, forming a single ceiling rather than staggered resistance at $0.72-$0.73.