$SUI had a sharp rally breaking through key resistance before the consolidation. After creating recent highs, it seems like it is exhausting and looking for a correction. Price is currently holding above the support level $3.0965 that is an important level for the buyers to hold to continue the bullish movement. If they lose this level and sellers will take the control and price might drop sharply. 
Currently Price is ranging in the descending channel which is usually a bullish pattern but confirmation will only come with an upside breakout.
If the price breaks below the $3.0965 support, the next significant area of support is around $2.83 (the gray zone). Additionally, there is a 100-day moving average on the 6-hour time frame below this level, which could provide further support if the price falls below $3.0965.