This article delves into the bearish outlook for SUI despite a recent price surge. It explores technical chart patterns and investor sentiment to assess whether SUI can overcome the downtrend and rise above key resistance levels.
Points
- SUI’s recent 27% surge may not be sustainable due to underlying bearish indicators.
- The hidden continuation divergence on the chart suggests a return to the downtrend.
- Critical support levels to watch include $0.779 and $0.707.
- Positive investor sentiment could push SUI above resistance, but the outlook remains