SUI Key Support Level Consolidation! Bearish Momentum Exhaustion, Reversal Signal Emerges?📉

Sui price stabilizes around the key support of 1.31 USD. Meanwhile, the open interest in the futures market is declining, which usually indicates that bearish bets are decreasing and selling pressure may be exhausting. This combination of 'price consolidation + declining open interest' is often an early signal that the downtrend is losing momentum. For traders, this suggests that the market may be building strength for the next directional choice.

💡 Key Insight: Bearish short-covering leads to a decrease in open interest, weakening the momentum for further declines. If the price can hold this support area, bulls may attempt a counterattack. Pay close attention to whether trading volume can expand during a potential rebound to confirm strength.

#Sui #SUI #Cryptocurrency #TradingAnalysis #MarketInterpretation #Blockchain #Web3