The SUI token has experienced a significant drop in value, declining by 7.83% in the past 24 hours. It is currently trading at $4.47 with a market cap of $13.44 billion. The token's bearish trend is evident on the 4-hour chart, as it has broken several key support levels, indicating a loss of bullish momentum. However, there is a bullish divergence in the RSI, suggesting a potential minor recovery and a retest of the broken support trend line. The bearish trend is likely to persist, with the next significant support at the $4 level. If a minor recovery occurs, it could reduce selling pressure and lead to consolidation above the $4.50 support zone.



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