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SUI In Bear Territory: RSI Drop Suggests Further Downside Risk

  • SUI has entered bearish territory as the Relative Strength Index (RSI) turns negative, indicating further downside risk.
  • On the 4-hour chart, SUI is below the 100-day Simple Moving Average (SMA) and faces resistance at this level.
  • The RSI has dropped to 23% on the 4-hour chart, suggesting selling activity may be overextended.
  • If SUI breaks below the $1.4 support level, it could decline to $1.23, while holding above $1.4 may signal a reversal.

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