Can SUI Reverse Its Downtrend? Price Analysis & Market Outlook

SUI’s price has experienced a rollercoaster ride this month, with a 31% decline followed by a 9% rebound in the past week. This recent surge has fueled debate among traders: Is SUI gearing up for a sustained recovery, or is this just a short-term bounce? Several technical indicators point to easing selling pressure, but market sentiment remains mixed. Let’s delve into key factors influencing SUI’s price and whether a sustained uptrend is in the horizon.