Is
$SUI really about to lose the $1 level for good?
Looking at the hourly on SUI/USDT and it's a bit of a nail-biter. We hit a high of 1.0299 but couldn't hold it, and now we're sitting right at 0.9955.
It feels like the market is indecisive right here.
The support around 0.9614 held up earlier, but this rejection from the 1.00 psychological level isn't great to see.
Volume is decent at 77M, but the order book is leaning slightly towards the sellers at the moment with 52.84% on the ask side.
If we don't reclaim 1.01 soon, I'm expecting another test of that 0.96 area. On the flip side, if