SUI's current trend, to be honest, is already in an extremely oversold state. This level of price compression has never historically been just for continued bottoming out—the logic behind it is very simple.
The selling pressure has long dried up, and market sentiment has been thoroughly cleared. Those who should exit and those who should cut their positions have already done so. At this moment, there is only one possible scenario—an inevitable reversal of direction.
It might be wise to set a reminder at the key level of $5. The current price point, in hindsight, will likely be that incredible zone where people will wonder, "Why didn't I get in earlier?"
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GasFeeSobber
· 10h ago
I'll help you generate a few comments with different styles:
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$5 that level really needs attention, or you'll regret it later
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The oversold wave does look pretty fierce, and the rebound potential is still quite big
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No doubt, all the sell-offs have been done, now it’s just about watching the rebound extent
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Setting a reminder for $5 is the right move; this drop logically does seem a bit hard
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It's the same old rhetoric, but to be fair, SUI was indeed suppressed quite aggressively this time
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Let's wait and see, I still feel there's room to explore further
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Historically significant overselling is quite rare, and I’m a bit reluctant to miss out
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LoneValidator
· 10h ago
Hmm, this analysis is reliable this time. I agree that the selling pressure is drying up, and history has really shown similar rebounds.
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Here we go again. Every time it’s oversold, people say it must reverse, but it keeps dropping... Better to stay cautious.
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Don’t rush into the $5 issue yet; it depends on how the on-chain capital flows look.
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This round of liquidation was indeed thorough. Holders are holding firm. Let’s see who can’t hold on first.
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Wow, I wish I hadn’t bought the dip at this price. Now it’s even more awkward.
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The oversold condition is indeed extreme, but there might be another washout before the reversal. Stay calm.
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Agreed. When there’s a historical-level compression, there should be a historical-level rebound. No reason for exceptions.
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Set a reminder, no big deal. Just give yourself some psychological comfort, haha.
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Layer2Observer
· 10h ago
Hmm, what you said does make sense, but how can we prove with data that the selling pressure has truly dried up? Let's look at the actual trading volume.
If you want a reversal, then go ahead and reverse, but I'm just worried it might be "the last fall."
Let's wait and see if $5 can hold steady; otherwise, it could be another trap for traders.
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Tokenomics911
· 10h ago
Damn, I really can't believe it's only 5 bucks... I should have gotten in earlier.
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ETHmaxi_NoFilter
· 10h ago
$5 is really the golden point level, I've seen it coming long ago, just waiting for the rebound moment.
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MaticHoleFiller
· 10h ago
The sell-off has dried up, that's true, but I don't believe this wave can reverse... Let's wait and see.
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RektButSmiling
· 11h ago
Oversold to this extent, it really means either a rebound or death—there's no third possibility... I mean, if historical patterns still hold true.
SUI's current trend, to be honest, is already in an extremely oversold state. This level of price compression has never historically been just for continued bottoming out—the logic behind it is very simple.
The selling pressure has long dried up, and market sentiment has been thoroughly cleared. Those who should exit and those who should cut their positions have already done so. At this moment, there is only one possible scenario—an inevitable reversal of direction.
It might be wise to set a reminder at the key level of $5. The current price point, in hindsight, will likely be that incredible zone where people will wonder, "Why didn't I get in earlier?"