if the mentioned occurs, the price could take a rebound and continue rising, or on the contrary, if it breaks the channel support, it could start a downward trend

$SUI If we consider that the price of $5.38 is the starting point of the correction and apply Fibonacci levels, we can calculate the possible support levels.

Here are the calculations:

- Fibonacci Level of 23.6%: $5.38 x 0.236 = $1.27 (subtracted from $5.38) = $4.11
- Fibonacci Level of 38.2%: $5.38 x 0.382 = $2.06 (subtracted from $5.38) = $3.32
- Fibonacci Level of 50%: $5.38 x 0.5 = $2.69 (subtracted from $5.38) = $2.69
- Fibonacci Level of 61.8%: $5.38 x 0.618 = $3.32 (subtracted from $5.38) = $2.06

Considering that the first support level could be around the 23.6% Fibonacci level, the price could reach around $4.11 at the first correction level.

Coincidentally, at this point of $4.11, there is strong support formed by at least 8 candles on a daily timeframe ... and given that there is a divergence with the RSI and the transaction volume has been decreasing significantly for over a week, there is a high probability that the price will make a correction.....