SUI successfully reclaimed that crucial $1.45 support level. Mission accomplished there.
Now the real test begins. Break through $1.6? That's when things could get interesting. The selloff was brutal and messy - created tons of inefficiencies on the way down. Unswept lower highs everywhere. Liquidity pools sitting untapped.
If $1.6 gives way, expect rapid price movement. The descent was too fast, leaving gaps that markets love to fill during reversals.
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DiamondHands
· 9h ago
1.45 held? This is just the beginning... The real test is whether it can break 1.6.
2. The decline is so fierce, gaps are everywhere, and the rebound might happen quickly.
3. There are so many inefficiencies at the lows, if the market maker wants to pump, it’s not difficult.
4. Let’s talk about it after breaking 1.6, it’s too early to discuss anything now.
5. This drop has left so many gaps, it should have rebounded by now.
6. With liquidity behaving like this, no wonder the price is jumping around... Is the market maker whipsawing or really smashing?
7. 1.45 has held, the next target still depends on 1.6's performance.
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WenMoon
· 11-29 05:37
1.45 holding doesn't mean much; the key is whether 1.6 can break. Otherwise, it's just a Rebound trap.
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DataBartender
· 11-28 21:01
1.45 held, but I'm more concerned about whether 1.6 can break through... this fall was too abrupt, it feels a bit unreal.
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MindsetExpander
· 11-28 21:01
1.45 has been held, but 1.6 is the focus... There are so many pits left from this fall, the rebound has to be fierce.
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just_here_for_vibes
· 11-28 20:59
1.45 held, but the real test is at 1.6. If it can't break through, it's just a Be Played for Suckers trick.
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GweiTooHigh
· 11-28 20:47
1.45 held, but can this Rebound last until 1.6? I have my doubts.
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FlashLoanLarry
· 11-28 20:33
tbh the liquidity depth story here is what actually matters... everyone's fixated on $1.6 but nobody's talking about the basis points we're losing to slippage on these unswept highs. that's where the real opportunity cost sits, ngl.
SUI successfully reclaimed that crucial $1.45 support level. Mission accomplished there.
Now the real test begins. Break through $1.6? That's when things could get interesting. The selloff was brutal and messy - created tons of inefficiencies on the way down. Unswept lower highs everywhere. Liquidity pools sitting untapped.
If $1.6 gives way, expect rapid price movement. The descent was too fast, leaving gaps that markets love to fill during reversals.