The price of SUI has recently been in a state of stagnation. The long-term moving average EMA99 (1.5244) continues to exert pressure, with multiple upward attempts ending in failure. The technical indicators show that the rising momentum is gradually fading.



Interestingly, there is a significant contradiction in the market data. On one hand, 92.1% of retail investors on a leading platform remain bullish; on the other hand, other exchanges show the opposite trend, with most participants positioning for a bearish market. This extreme divergence in positions has historically been a precursor to market turning points.

From the perspective of capital flow, recent news about "capital inflow" has frequently appeared, but real-time data reflects a net outflow of short-term funds. This divergence is worth noting—when positive news contradicts actual transaction data, it usually indicates the arrival of a reverse trend.

Will the technical pressure continue to dive? If the short-term support level is effectively broken, 1.4350 and 1.3850 may become the focus of observation in the next phase.

In the cryptocurrency market, when participants' views are too uniform, it often becomes a signal of risk. The fact that 92% are overwhelmingly bullish is worth pondering—such extreme consensus is difficult to maintain, and the market typically uses countervailing fluctuations to rebalance. For traders, this moment requires a more cautious examination of their positions and risk exposure.
SUI-2.15%
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GasFeeCriervip
· 16h ago
92% bullish? Isn't this going to lead to dumping? Let's take a reverse action.
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rekt_but_not_brokevip
· 12-22 19:52
92% bullish? Isn't this just the signal for the night before the big escape? Damn...
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