Sui (SUI) Drops 6%, Analyst Forecasts $7 Potential

Sui (SUI) experienced a significant drop, falling to $3.81 after heavy liquidations triggered by leveraged positions across major exchanges. However, technical analysis suggests the potential for a rebound, with support established above the $3.57 Fibonacci level. 📈. Analyst projections anticipate a move toward $7 in the coming weeks, citing a breakout from a long-term symmetrical triangle pattern as well as DeFi TVL reaching record highs.