The native token of the Sui blockchain, SUI, is predicted to experience a double-digit price drop due to a bearish price action pattern and a failure to hold crucial support. Technical analysis suggests that if SUI remains below $4, it could potentially drop by 35% to reach $2.30. However, the token's Relative Strength Index (RSI) indicates there is room for further price declines. Despite the bearish sentiment, there are signs of potential buying opportunities as long-term holders accumulate SUI tokens. The outflow of $18.5 worth of SUI tokens from exchanges suggests accumulation and could potentially lead to price surges. Traders are currently over-leveraged at liquidation levels near $3.56 and $3.85.



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