Sui (SUI) has declined 87.3% from its all-time high of $5.35 achieved in January 2025, currently hovering between $0.67 and $0.77 since early June. Technical indicators show a persistent bearish structure, with OBV flat for over a month and RSI struggling to cross above the neutral 50 level. The Stochastic RSI has formed a bearish crossover, suggesting a risk of further decline toward the $0.65 level, a significant long liquidation zone. The local resistance at $0.78 coincides with a notable supply zone, offering a selling opportunity in case of a bounce to that level.
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