SUI Faces Continued Downtrend Amid Resistance Rejection
- SUI has been rejected at a micro resistance zone between $0.747 and $0.855.
- Key support levels are identified between $0.65 and $0.49, crucial for determining future price movements.
- Analysts suggest the market is unfolding a fifth wave to the downside, indicating persistent bearish momentum.
- A breakout above $0.855 is necessary to signal a potential shift in market trend.
SUI remains in a downtrend after failing to break through critical resistance levels, with key support zones now under scrutiny for potential stabilization or further decline.
The asset’s price action suggests continued bearish control unless it can surpass the $0.855 mark, which would indicate easing downside pressure and possible trend reversal (Source).
