SUI Rejects from Upper Bollinger Band Ceiling Amid Distribution Warning
SUI has been dealt a significant blow after being rejected from its upper Bollinger Band ceiling near $1.03, dropping nearly 6% intraday to $0.97.
This rejection is not just a random selloff but rather price running into statistically significant resistance and getting turned away at the market's distribution zone.
The broader crypto market backdrop isn't offering SUI any free passes right now, with layer-1 tokens moving in lockstep with Bitcoin sentiment.