{"id":535339,"date":"2023-05-28T09:50:23","date_gmt":"2023-05-28T09:50:23","guid":{"rendered":"https:\/\/wncen.com\/?p=535339"},"modified":"2024-06-11T14:37:00","modified_gmt":"2024-06-11T14:37:00","slug":"sui-sui-continues-downward-trend-as-bears-maintain-control","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/sui-sui-continues-downward-trend-as-bears-maintain-control\/","title":{"rendered":"Sui (SUI) Continues Downward Trend As Bears Maintain Control"},"content":{"rendered":"
The crypto market once again experienced a sell-off this week, leading to a plunge in the price of many crypto assets. The impact of this market downturn is not limited to Bitcoin alone, as it has affected various cryptocurrencies, including Sui (SUI), a Layer 1 smart contract platform. Sui has witnessed a significant decline of 15% in its value over the past seven days, reflecting the broader negative sentiment prevailing in the market.<\/span><\/p>\n
Sui Dips Below $1 Support Levels<\/strong><\/h2>\n
SUI experienced a significant setback this week, breaching its crucial support level at $1. This support had been maintained since early May, providing stability for the token during that period. However, after enduring two weeks of downward-sloping resistance from above, SUI finally succumbed to selling pressure.<\/span><\/p>\n