SUI Faces Bearish Pressure After Breaching Key Moving Average
- SUI price has slipped below the 4-hour Simple Moving Average (SMA), indicating increased selling pressure.
- The 4-hour SMA, previously a support level, now acts as a resistance to potential bullish rebounds.
- The $3.9 support level is critical; a break below this could lead to further declines toward $2.8.
- Current indicators like the Composite Trend Oscillator and RSI suggest increasing downward momentum.
SUI’s recent breach below the 4-hour SMA highlights bearish momentum, with the $3.9 support level emerging as a crucial point for potential recovery or further decline.
