<ul data-eligibleForWebStory="true"><li>SUI price faces intense pressure, raising concerns about a deeper correction.</li><li>Recent trading sees SUI around $2.75, down from $3.51 high.</li><li>Technical analysis signals a potential drop towards $2.24.</li><li>Derivatives market data indicates a bearish sentiment with declining interest.</li><li>Short positions dominate the market, showing a prevailing bearish bias.</li><li>A head-and-shoulders pattern suggests a target of around $2.20.</li><li>Network activity decline signifies lower interest in SUI.</li><li>On-chain metrics point to a weakening demand driving the earlier rally.</li><li>Analysts expect potential long-term growth but caution against short-term volatility.</li><li>Traders advised to monitor key support levels and market sentiment closely.</li></ul>

SUI price prediction amid fears of an extended correction

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