The $SUI /USDT chart shows the current price at $1.5402, down by 2.56% in the past 24 hours. The 24-hour high was $1.6466, establishing a strong resistance level, while the low touched $1.5088, which has provided some support. The price has been consolidating after a sharp move up and subsequent correction, suggesting indecision in the market.

The sharp rejection from the $1.6466 level shows significant selling pressure at higher levels. The price now appears to be ranging between $1.51 and $1.57, with neither bulls nor bears gaining clear control. If the price can break above $1.5750, there could be an attempt to retest the $1.6466 resistance, signaling a potential bullish reversal.

However, if the price breaks below the $1.5088 support, it may lead to further downside toward $1.4924 or lower. Traders should closely monitor these key levels to determine the next possible move, as the market remains in a consolidation phase with a slightly bearish bias for now.

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