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Altcoins & DeFi

Here's What Needs to Happen for Sui Price to Hit $1 Again After the Slide to $0.86

Image: Crypto Daily

Three Things to Know Sui has given back a large share of its fourth-quarter value as leverage drains from the market. Price trades under both long-term moving averages, a bearish order that keeps sellers in charge. A daily close above the 50-day line near $0.95 is the first test for any run at the round number. Sui slipped again on Monday, extending a fourth-quarter decline that has pushed the token well below where it started October. Futures traders have pulled money out, yet longs keep paying to hold their positions. That mix matters now because the selling has been orderly, with no flush to reset positioning. Buyers have not shown up in size on spot markets.

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