đš SUI â Whoâs Selling & Will It Drop Below $1? đ€
Right now SUI is at ~$1.14 and facing heavy sell pressure â but the sellers right now arenât just âwhales dumping.â Itâs a mix of:
âą Profit-taking from traders after recent rallies
âą Over-leveraged longs getting stopped out
âą Volatility hitting low-confidence holders
âą Some short-term sellers locking in gains
This creates a loop where price drops â stops get hit â forced selling continues.
đ Will it drop below $1?
Yes â if support around $1.00 breaks with strong volume, a move below $1 is entirely possible in the short term.
But if price consistently holds above $1 and buyers step in, we could see stabilization first.
đ Key things to watch:
âą Support at $1.00
âą Volume on the sell side
âą Quick rejections or long lower wicks (buyer defense)
Short-term pain doesnât always mean trend reversal â sometimes itâs just volatility cleaning out weak hands.
Whatâs your plan â buy the dip or wait for confirmation? đđ
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