SUI Coin Faces Downward Pressure Amidst Liquidity Concerns

Recent analysis reveals a significant downturn for the SUI coin, experiencing a 7.07% decline over the past month to trade at $3.72. This follows a substantial surge of 67.90% in the previous month, leaving investors feeling disillusioned. Despite promising developments like the Axelar Bridge launch, Phantom Wallet integration, Binance Alpha support, and an increase in Total Locked Value (TVL), the question remains: is this simply a retracement or a pause before breaking new highs? 70.9% of SUI Coin’s current market capitalization lies with long positions, creating a vulnerability to short-squeeze liquidation.