This article suggests that the price of SUI, a cryptocurrency token, could drop below $2. The token has been trading within a rising parallel channel pattern, which is typically a bullish signal. However, if the price drops below the support line of the lower trendline at $2.03, a significant downswing could follow. The Bull Bear Power indicator has turned negative, indicating that bears could push the price lower. The daily chart also aligns with a bearish bias, with the Moving Average Convergence Divergence indicator in the negative region. The article predicts a potential 10% decline in price to $1.83, or even as low as $1.64 in a highly bearish and volatile market. However, if bulls enter the market, the prediction could be invalidated, and the price might bounce back to its previous high of $2.36.



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