SUI Under Bearish Pressure as $2.90 Support Level Looms
SUI's price action is under scrutiny as technical indicators point to potential downward movement. The altcoin may drop to $2.90 within five trading sessions—a decline of 18-20% from current levels—due to weakening buying interest and bearish on-chain liquidity trends.
Traders are closely watching the $2.90 support area for possible reversal signals. The Relative Strength Index shows bearish divergence, while MACD histograms confirm increasing sell-side momentum. This technical setup does not prominently involve exchanges or other cryptocurrencies.