SUI Faces Potential Drop Below $1.1052, Signaling Bearish Trend

Technical analysts warn of a potential price decline for SUI as the cryptocurrency approaches support near $1.1052. The coin is forming a classic head and shoulders pattern on its chart, with volume dwindling alongside this downward trend. If sellers gain control and break below this crucial level, SUI could plummet to around $0.93 or lower. This prediction hinges on the declining trading volume and the potential for further weakness in the coming days. The analysis highlights a growing bearish pressure on the asset.