Sui Crashes Into Key Support After 70% Drop — Analysts Say a “Capitulation Flush” Might Be Ending

The cryptocurrency Sui has experienced a significant decline in value, plummeting by an alarming 70%. In light of this drastic downturn, it has now crashed into a critical support level, which is often viewed as a pivotal point where prices stabilize or potentially reverse. Analysts are suggesting that this sharp decline may be indicative of a phenomenon known as a “capitulation flush,” where investors sell off their holdings en masse out of panic or despair. This could signal that the market is reaching a point of maximum fear, and they speculate that we might be nearing the end of this sellers' exodus. As a result, some experts are watching closely for potential signs of a rebound or reversal in the trend of Sui's price. source: https://blocknews.com/sui-crashes-into-key-support-after-70-drop-analysts-say-a-capitulation-flush-might-be-ending/