Sui Traders Eye Range Lows at $0.70

SUI traders are keeping an eye on the range lows around $0.70 as oversold RSI signals potential buying opportunities.

The altcoin has faced a 5% price drawdown in the past 24 hours, with a 9.6% uptick in daily trading volume.

This downturn is particularly surprising given that Coinbase recently announced staking rewards for SUI, allowing users to directly earn rewards on the exchange.

According to trader Ted, this development could help break past the descending trendline resistance in place since early June.