The price of SUI has fallen over 50% from its recent peak, but a prominent cryptocurrency analyst believes it has the potential to continue performing well. The analyst points to SUI's current trend and a support zone on the three-day chart, suggesting it is an ideal entry region for traders looking to take long positions. Despite the overall decline in crypto prices, many traders still view SUI as a potentially viable cryptocurrency with bullish momentum. Currently trading at $2.34, SUI could experience a turnaround and rebound, although this may depend on the overall market trend, including the performance of other top cryptocurrencies like Bitcoin.
How Much Further Can Bitcoin (BTC) Fall? Analyst Answers, Explains Events That Could Start the Rise!