Investor-Centric, Short-Term vs Long-Term Sentiment Framing
SUI Slides to $3.02 as Panic Selling Eases — Is Sentiment Reset Underway?
Sui’s SUI token dropped nearly 10% on Thursday, settling at $3.0211 after a steep sell-off that briefly took prices below the $3.00 mark. The decline accelerated after a breakdown at $3.20, a crucial support zone, triggering a high-volume flush as over 50 million tokens traded hands.
The price reached a session low of $2.9556 before recovering modestly, with buyers stepping in near $2.997. Since then, SUI has traded within a tight consolidation band between $3.00 and $3.05, suggesting the emergence of cautious bottom-fishing—but no full-scale reversal yet.
With volume peaking at 14:00 UTC and forming higher lows through Friday morning, early signs point to stabilization. Still, the technical structure remains fragile, and a sustained move above $3.05 is needed to invalidate the recent downtrend.
For investors, the setup presents a familiar dilemma: buy the dip amid panic, or wait for confirmed strength. For now, SUI sits at the crossroads—between fear-driven liquidation and potential price reset.
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