SUI Eyes Breakout While Neighborhood Authorizes $162M Payment After Cetus Hack
On May 30, 2025, the SUI to Tether (SUI/USDT) trading set on the 4-hour Binance chart produced a descending channel pattern. When a cryptocurrency’s cost relocations between two parallel trendlines that slope downward, a descending channel appears. This pattern frequently shows a short-lived sag within a wider bullish setup and generally signals a possible turnaround […] The post SUI Eyes Breakout While Neighborhood Approves $162M Payment After Cetus Hack appeared first on Coinchapter.
The chart reveals that SUI’s price has actually been moving lower since early May. SUI MACD Turns Bearish as Momentum Weakens The Moving Average Convergence Divergence (MACD) indicator for SUI/USDT flashed a bearish signal on the daily chart, according to TradingView. Sui Approves $162M Repayment Strategy After Cetus Exploit On May 29, 2025, Sui validators authorized a governance proposal to release $162 million in frozen funds linked to the recent Cetus exploit.
The chart reveals that SUI’s price has actually been moving lower since early May. SUI RSI Drops Below Neutral Zone, Signaling Weak Momentum On May 30, 2025, the Relative Strength Index (RSI) for SUI/USDT on the 4-hour chart fell to 39.27, according to TradingView. Currently, SUI’s RSI has moved below the midpoint of 50 and remains far from the overbought zone. SUI MACD Turns Bearish as Momentum Weakens The Moving Average Convergence Divergence (MACD) indicator for SUI/USDT flashed a bearish signal on the daily chart, according to TradingView. Sui Approves $162M Repayment Strategy After Cetus Exploit On May 29, 2025, Sui validators authorized a governance proposal to release $162 million in frozen funds linked to the recent Cetus exploit.
