SUI Faces Key Test at $3.52 Support as Market Selloff Intensifies

SUI's price is under sustained pressure, declining 3.25% to $3.72 with a $13.09 billion market cap as trading volume plunges 37% to $1.32 billion. The token reflects broader crypto market weakness following U.S. CPI data showing 3.3% inflation, which triggered $1.05 billion in liquidations across digital assets.

Technical indicators show fading bullish momentum—a failed breakout above the $3.57 Fibonacci resistance on August 15 preceded rejection NEAR the 30-day SMA at $3.79. The MACD histogram turned negative at -0.0026 while RSI dropped to 44 on 4-hour charts, signaling near-term bearish control.

Critical support now sits at the 61.8% Fib level of $3.72. A decisive break below risks testing $3.52 (78.6% Fib), while recovery attempts face strong resistance at $3.85 and $4.07 where previous sell-offs accelerated.