SUI Sinks Below Key Support, Signaling Continued Bear Market Momentum

The SUI token has experienced a significant downturn, breaching its critical $3.00 support level. This bearish move marks a confirmation of the ongoing bearish trend and suggests further potential declines. Analysis based on technical tools such as MACD and DMI indicates increased selling pressure, highlighting the dominance of sellers in the market. Trading activity has shown traders anticipating either a bounce back above the crucial $3.00 mark or a drop towards lower support levels near $2.50 and $2.20.