SUI attempted to regain traction but faced rejection at $3.95, leading to a 6.64% decline over the past day.
After peaking at $4.20 in an uptrend, SUI experienced a sharp reversal with heavy selling pressure and profit-taking in the market.
SUI is currently testing a crucial support zone between $3.6000 and $3.6500, and a break below this area could result in further losses.
Market sentiment around SUI indicates a dominant bearish momentum in the short term, but potential opportunities for a rebound exist if the $3.6000 support level holds strong.