The price of SUI has been struggling to maintain $2.00 as a support level, indicating a lack of enthusiasm among traders. The market sentiment for SUI is mixed, with funding rates fluctuating between positive and negative. This uncertainty has led to increased volatility and downward pressure on the altcoin. Many traders are placing short contracts, anticipating further declines in SUI's price. The Relative Strength Index (RSI) has been declining, suggesting a waning bullish momentum. Currently, SUI is trading below the $2.03 resistance level and must flip it into a support level to attract renewed buying momentum. If it fails to do so, the altcoin may consolidate above its $1.69 support level, prolonging market uncertainty. However, if SUI can turn $2.03 into support during a bullish market, it could reignite its rally ambitions and reach a new all-time high.



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