While this coin has the potential to surprise—thanks to strong backing from major VCs and quality market makers—it appears too overheated to sustain further growth without a correction.
In fact, the correction has already begun, as indicated by the **bearish MACD EMA crossover**.
– The **RSI also shows a significant bearish divergence**, reinforcing the likelihood of a pullback.
Adding to this, many investors were drawn in by SUI’s massive pump but may now begin to lose confidence. If SUI dips below the key support level, we could see a cascade of selling pressure:
– Leverage positions liquidated.
– Stop-loss orders triggered.
Based on these signals, I anticipate a serious correction that could drive the price down to $2.
Key levels to watch:
– If SSUI drops below $3.20, there’s little support until $2.35.
– Exercise caution and monitor these levels closely.
As always, **DYOR (Do Your Own Research).**