SUI Dey Face Sharp Volatility as 25x Leverage Shorts and Breakdown Risks Dey Threaten Key $3 Level
Sui Network (SUI) dey feel gbege for market as e dey experience high wahala because plenty people dey do large leverage short position, especially di 25x short wey full for HyperLiquid exchange. After e reach four-month high of $4.29 before, SUI come begin fall sharply, lose pass 14% come reach important $3.00 support level. E no too dey recover well well as e dey trade between $3.08 and $3.15. Big institutions like Abraxas Capital don make more than $55 million floating profit from shorts for SUI, BTC, ETH, SOL, and HYPE, wey show say people get strong bearish mind on many crypto coins. Technical analysis dey show say SUI fit form descending triangle and possible Head & Shoulders pattern, with $3.10 baseline na key for which way trend go. If e no fit hold $3 support, e fit cause big drop go $2.00 or even $1.38–$1.50. But if e bounce from where e dey now, e fit recover go $3.90 or try test $5.36 resistance again. MACD and other indicator dey show still get some bullish momentum but e dey weak small small. Liquidation map talk say shorts worth $13.78 million dey risk to get squeezed if SUI rise pass $3.39, meanwhile long position wey dey between $2.70–$2.95 dey vulnerable if bearish trend continue. Majority of traders dey position for more downside, so any sharp move fit cause plenty chain liquidation, wey go make price swing more and create big risk plus trading chance for crypto traders. E important make market people dey watch $3.10–$3.00 zone well well.
Bearish
Di news dey show say bearish sentiment big for SUI, as leverage short positions dey control market and technical patterns dey show say e fit drop further reach $2.00 level if the main $3.00 support fail. Institutional traders don make plenty floating profits from shorting SUI and related tokens, wey dey boost the downside momentum. Even though short squeeze pass $3.39 fit cause quick upward move, the current sentiment and trader position dem dey show say risk of cascading liquidations downwards don high. Historically, failure to keep key support levels don lead to sharp selloffs for crypto, so traders suppose dey cautious as volatility dey spike.