The price of SUI, a cryptocurrency, recently reached an all-time high but has since dropped by 21% and is currently trading below a key support level. The bearish trend is reflected in technical indicators like the Relative Strength Index (RSI), which is at a two-and-a-half-month low. Unless there is a significant shift in the market, SUI may continue its current downward trend. However, the positive funding rate suggests that traders are still hopeful for a recovery. The price decline challenges the optimistic outlook, but some investors remain confident in SUI's long-term value. If the price fails to hold at $1.45, it could fall further to $1.16, deepening investor losses.



Other News from Today