Crypto
SUI Price Soars 18%, But Is It a Short Squeeze?
The price of SUI has surged by 17.85% to reach $0.97, but experts caution that this move may be a short squeeze rather than organic accumulation.
According to technical analysis, SUI is trading above its own Bollinger Band and has reached an overbought level with an RSI of 72.95 and Stochastic oscillator pinned at 95.84.
The momentum behind the price surge has already been exhausted, with the MACD histogram going flat at zero.
Smart money is long on SUI, but sell-side aggression is dominating, indicating that someone is using this surge as a distribution window.