🚀 SUI Eyes $0.84? Falling Buy Absorption Signals a Potential Squeeze Higher #nosacapital #cryptoanalysis #shorts #SUI #liquidations
SUI is currently trading at $0.7638 as market structure continues to evolve. Recent data shows that buy absorption has been steadily declining, while sell absorption has increased at a much slower pace. This shift suggests that selling pressure may be losing its ability to suppress price action.
The liquidation heatmap highlights major long liquidity zones at $0.71 and $0.74, while significant short positions have accumulated around $0.77 and $0.78. A move through these levels could trigger short liquidations and provide additional momentum to the upside.
If current absorption trends persist, SUI could potentially target $0.84, a level that previously acted as support and now aligns with the Value Area Low (VAL). Traders should continue monitoring absorption dynamics and liquidation clusters for confirmation.
