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Sui (SUI/USD) Market Extends Decline Amid Sustained Downside Technical Pressure

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Sui (SUI/USD) Market Extends Decline Amid Sustained Downside Technical Pressure

Sui Price Prediction — November 4

Sui (SUIUSD) market extends decline amid sustained downside technical pressure. SUIUSD continues to exhibit a pronounced bearish structure as momentum indicators remain aligned with the prevailing downtrend.

The price action stays consistently below the 9-period SMA near $2.430, reflecting persistent selling strength and weak recovery attempts. RSI currently hovers around 33, signaling oversold conditions that reinforce market fatigue among buyers and a continuation of bearish control.

SUI/USD Market Key Levels:

Resistance levels: $3.0670, $3.8490, $4.3000
Support levels: $2.0000, $1.7160, $1.1180

Sui (SUI/USD) Market Extends Decline Amid Sustained Downside Technical Pressure

SUI/USD – Daily Chart

The SUI/USD daily chart shows a clear crash to the downside.

Technically, the pair has been forming lower highs and lower lows beneath a descending trendline drawn from the $3.070 region, confirming structural weakness. The recent rejection near $2.430 has further validated resistance strength at that level, while price has now dipped toward the $2.180 zone, where minimal reaction has occurred. Failure to reclaim the descending trendline suggests that short-term momentum remains decisively bearish.

SUI currently exhibits a weak technical structure, with price action showing signs of vulnerability. Failure to hold the key support zone near the $0.66 Fibonacci golden pocket could trigger increased selling pressure. Under such conditions, the token may retreat toward the $1.50 region, marking an estimated 32% decline. Sustained defense of this critical level is essential to prevent further bearish continuation.

What is the projection for the SUIUSD market?

Looking ahead, SUIUSD may extend its decline toward the next key support area at $2.000, and a decisive break below could open the path toward $1.720. If bearish sentiment persists, deeper losses toward the $1.180 level cannot be ruled out. However, only a sustained move above $2.430 would challenge the current bearish bias and hint at early signs of stabilization.

Sui (SUI) Current Statistics
The current price: $2.1870
Market Capitalisation: $8,040,000,000
Trading Volume: $943,440,000

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