Sui Crypto: Is a Bearish Trend Imminent Based on Technical Analysis?

Recent price action for Sui suggests potential bearishness according to traditional market analysis. A breaking out of the head-and-shoulder pattern, a bearish technical setup, could indicate a decline in prices. The neckline support level stands at $2.77 and its confirmation would signal a substantial price drop and potentially trigger further downward pressure on the market. The article provides a breakdown of Sui’s recent performance, highlighting how it has maintained above the bearish trend despite selling pressure. ]