#SUI Price prediction: further decline possible

Looking at technical analysis, the 4-hour chart shows that the Bull and Bear Power (BBP) indicator has fallen into negative territory. BBP is an oscillator that measures the balance of power between buyers and sellers. When BBP is positive, it means that bulls have the upper hand and the price is likely to rise. However, this is not the case with the current price action of the SUI token. Specifically, the decline in BBP indicates that selling pressure from the bears is increasing.

If the bears continue to exert pressure, the price of the SUI token may fall further. According to Fibonacci retracement indicators, if selling pressure intensifies, the value of SUI could drop to $2.26.

On the other hand, if buying begins to increase significantly, market sentiment could shift and SUI could rebound to $3.34. #sui链 #sui/usdt