SUI price faces significant resistance at $4.20, resulting in over 25% decline in two weeks.Derivatives market witnesses $11 million in bullish liquidations amidst market turmoil.Technical analysis indicates potential test of $2.71 support level, with a death cross formation signaling a bearish outlook.Despite a brief recovery to $3.02, SUI remains vulnerable to downward pressure, with a target of $2.71 if selling pressure intensifies.