The price of SUI has reached a new all-time high but is now showing signs of weakness and could experience a significant price drop. The transaction volume for SUI has declined by 30% within the last 48 hours, indicating waning interest in the altcoin. This decrease in transaction volume often precedes price corrections and could make it difficult for SUI to sustain its recent gains. Technical indicators, such as the Chaikin Money Flow, are also signaling bearish momentum for SUI. If the current negative market sentiment continues, SUI is likely to continue its downward trajectory and potentially lose support at $1.70. The next critical support level is at $1.45, and a decline to this level would reflect a broader bearish sentiment in the market. However, a bounce off the $1.70 support could prevent further losses for SUI if broader market cues turn positive.



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