SUI Faces a Rocky Road Amidst Bearish Pressure

The cryptocurrency market experienced a period of volatility with SUI trading at a loss of over 4%, closing at around $3.47 after hours of fluctuation. The daily trading volume surged by over 142% to reach $2.02 billion, according to CoinMarketCap data. This surge was accompanied by a decrease in overall market sentiment as the Fear and Greed Index remained neutral. As Bitcoin and Ethereum also saw declines, SUI’s momentum dipped, highlighting the broader bearish trends across the crypto landscape. 4.24% decline suggests the asset continues to be affected by the current market trend. The cryptocurrency had peaked at $3.85 earlier in the day, before dropping to a low of $3.45. SUI faces a challenging path ahead, with bearish pressure intensifying and the bulls struggling to regain dominance.