$SUI Sui is sending caution signals as a round top pattern takes shape on the charts â often a classic reversal indicator. Traders are watching closely, as momentum appears to be slowing down đđ§Ż.
đ The RSI is flattening and hinting at weakening buyer strength đđ, while the MACD shows signs of a bearish crossover đ»đ§ . These indicators are telling us that the recent bullish push might be losing steam âïžđ.
đ» Volume spikes are fading, and buy volume is declining while sell pressure increases đ§šđŁ. This shift in momentum is typical when a market tops out, and many are bracing for a potential downturn.
đŒ On-chain data reveals whale distribution đŠđ, with exchange balances rising â indicating tokens are flowing back onto platforms, a signal often associated with incoming selloffs