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<p>An analysis from Hyblock Capital sheds light on <a href="https://captainaltcoin.com/sui-price-pumps-but-will-vcs-dump-on-you-analyst-weighs-in/" target="_blank" rel="noopener noreferrer nofollow">SUI’s market behavior</a>, focusing on the True Retail Long% indicator. According to Hyblock, SUI has ranked lowest in this metric on the Crypto Rankmap, with retail traders showing limited interest in holding long positions.&nbsp;</p>
<p>Besides, this analysis suggests that when the True Retail Long% falls below a critical threshold, SUI’s price tends to move toward its range top, indicating a potential peak.</p>
<p>The True Retail Long% represents the percentage of retail traders holding long positions in a cryptocurrency. For SUI, this figure is around 34.42%, the lowest among the ranked cryptocurrencies on Hyblock’s Crypto Rankmap.&nbsp;</p>
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   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24SUI&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$SUI</a> ranked the lowest on the True Retail Long% in the Crypto Rankmap.<br><br>Investigating further, we noticed a pattern: when the True Retail Long% drops below 35%, the price tends to hit the range top. <br><br>Keep an eye on True Retail Long% in case it drops below 35% again <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f440.png" alt="👀" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/PgThaS28n6" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/PgThaS28n6</a></p>— Hyblock (@hyblockcapital) <a href="https://twitter.com/hyblockcapital/status/1843982621388554530?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">October 9, 2024</a>
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<p>Historically, a True Retail Long% below 35% has coincided with price surges, pushing SUI to its range top. Hyblock’s data highlights that previous dips below this percentage have resulted in notable price increases for SUI.&nbsp;</p>
<h2 class="wp-block-heading" id="strong-historical-price-patterns-strong"><strong>Historical Price Patterns</strong></h2>
<p>Hyblock’s analysis has consistently shown a relationship between SUI’s price action and its True Retail Long%. Each time the percentage dropped below 35%, SUI experienced a price rise toward its range top.&nbsp;</p>
<p>The most recent example occurred when the price surged above $2.10, coinciding with a dip in retail long interest.</p>
<p>As of the latest data, <a href="https://coinmarketcap.com/currencies/sui/" target="_blank" rel="noopener noreferrer nofollow">SUI is trading around $1.90,</a> with the True Retail Long% standing at approximately 44.44%. Although this percentage has not yet dipped below the critical threshold, the historical pattern suggests traders should monitor it closely.</p>
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<p><strong><em>Read also: </em></strong><a href="https://captainaltcoin.com/solana-price-primed-for-a-rally-can-sol-smash-through-152-and-soar/" target="_blank" rel="noopener noreferrer nofollow"><strong><em>Solana Price Primed for a Rally—Can SOL Smash Through $152 and Soar?</em></strong><br></a></p>
<h2 class="wp-block-heading" id="strong-potential-price-surge-indicators-strong"><strong>Potential Price Surge Indicators</strong></h2>
<p>The correlation between retail long positions and price peaks provides valuable insight for traders. If the True Retail Long% drops again, <a href="https://beincrypto.com/sui-price-surge-short-interest/" target="_blank" rel="noopener noreferrer nofollow">SUI may experience</a> another move toward its range top. This pattern has been observed multiple times, reinforcing the idea that retail long positions are a reliable indicator of potential price increases.</p>
<p>While SUI’s True Retail Long% currently remains above the critical threshold, market participants are advised to keep a close watch on this metric. Should it fall below 35%, another price surge could be imminent based on historical data.</p>
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<p>The post <a href="https://captainaltcoin.com/sui-price-could-top-soon-heres-why/" rel="noopener noreferrer nofollow">SUI Price Could Top Soon: Here’s Why</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

SUI Price Could Top Soon: Here’s Why

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