High-performance Layer 1 tests $1.45 support as new generation blockchains face disproportionate selling.
What's Happening:
$SUI falls 6.80% to $1.46 amid altcoin rout
Move-based L1 sector experiencing correlated selling
24h range from $1.43 to $1.58 shows elevated volatility
Fear & Greed at 24 hitting newer L1s particularly hard
Why It Matters: SUI represents the new generation of high-performance blockchains built on the Move language. Despite strong tech fundamentals and ecosystem growth, newer L1s face amplified selling during fear events as traders rotate to established assets. The technology thesis remains intact, but near-term price is macro-driven.
Technical View: SUI testing support at $1.45 zone. Critical floor at $1.43 (24h low). Resistance at $1.58. As a newer high-beta asset, SUI shows larger moves in both directions. Current oversold conditions may attract speculators looking for high-risk/high-reward entries.
🎯 Key Levels:
Support: $1.43 | Resistance: $1.58
24h Range: $1.43 - $1.58
💡 New generation L1s fall fastest in fear, but also recover fastest in greed - risk tolerance defines the trade
What's your take? Drop a 🔥 for bullish, ❄️ for bearish 👇
#SUI #Layer1 #MoveLanguage #Blockchain #CryptoNews
Disclaimer: This content is for educational purposes only and should not be considered financial advice. Always do your own research (DYOR) before making any investment decisions.
