Recent SUI market dynamics have attracted investors' attention. Currently, the SUI price has fallen near the 50-day MA, indicating that selling pressure is still persistent. It is worth noting that the 20-day MA shows a downward trend, and the relative strength indicator ( RSI ) has also fallen below the 45 level. These technical indicators collectively suggest that sellers may have the advantage in the short term.

Market analysts point out that if the SUI price fails to gain support at the 20-day MA and continues to decline, the likelihood of breaking the support at the 50-day MA will significantly increase. In this case, SUI-related trading pairs may face further pullback risks. Specifically, analysts expect the next significant support level to be around 2.87, and if this level cannot be maintained, the price could even drop to a low of 2.65.

However, market participants should also be aware that the cryptocurrency market is ever-changing, and technical analysis only provides reference and cannot completely predict future trends. Investors need to consider a variety of information, including project fundamentals, overall market sentiment, and macroeconomic factors, when making decisions. At the same time, a reasonable risk management strategy is crucial for achieving long-term success in the highly volatile cryptocurrency market.