$SUI
A little over a week ago, on November 17, SUI updated its ATH to $3.94. Since then, the token has entered a prolonged correction during which it has already decreased by over 6% in the last 24 hours and by 14% over the week. As of the time of writing, the altcoin is trading at $3.19.
At the same time, the market value of the asset is also falling — it has already dropped below the significant threshold of $10 billion. In addition, the Sui network recently faced an outage and was down for two hours. Nevertheless, these factors have not significantly shaken the altcoin's price: it remains above the psychologically important level of $3, and some analysts are calling it the "best buy" against the backdrop of Bitcoin's (BTC) correction. Meanwhile, the technical picture currently looks bearish. If this does not change, SUI will likely test support at the level of $3.09. There is also a risk of a drop down to $2.2. If the bulls take over, then the token may return to the peak of $3.94 and possibly test $4. In this scenario, the market capitalization of SUI will reach $11.5 billion for the first time.
