New ATH for $SUI Price Not on the Horizon - BeinCrypto Analytics

SUI is currently facing a potential volatility squeeze, as indicated by the tightening of the Bollinger Bands. This signals an impending sharp price movement, though the direction remains uncertain. A notable drop in trading volume confirms the likelihood of this squeeze, further increasing the odds of heightened volatility in the near future.

While a rally is possible, SUI's technical indicators suggest bearish risks. The Moving Average Convergence Divergence (MACD) is signaling a bearish crossover, the first in a month, hinting at a possible downtrend. With SUI's price at $1.74 and hovering near the critical support of $1.70, a breakdown could lead to further declines. If this support is lost, the price could drop to $1.45 or even $1.16, as investor sentiment remains weak.

Despite this, if the broader market turns bullish, SUI could rebound to $2.18, negating the bearish outlook and opening the door for a new all-time high (ATH). Investors should closely monitor these critical levels.