$SUI is currently showing bearish characteristics with strong selling pressure and declining moving averages. A further decline towards the support at $2.8235 is possible if sellers maintain control. A break above the $3.0956 resistance could shift the trend, but caution is advised as the overall sentiment remains bearish.
Support and Resistance Levels:
Immediate Support: Around $2.8235, which is the recent low observed in this timeframe. If this level breaks, further downside could be expected.
Resistance: The nearest resistance is around $3.0956, where price previously tested before retreating. The next resistance could be around $3.22 if the price starts an upward correction.
