news 
SUI PRICE ANALYSIS & PREDICTION (April 6) – SUI Sets to Claim More Lows After Losing 60% in 90 Days
Starting the year on a bearish note, SUI has been on a downward spiral, with its price plummeting by a staggering 60% in just 90 days. The asset’s recent decline has left many investors wondering what the future holds for this cryptocurrency.
An analysis of SUI’s daily chart reveals that it began to falter from January 6 onwards, leading to significant losses and an inability to recover. Despite a brief respite during last month’s recovery attempt, the price failed to push above the crucial $3 level, resulting in a fresh wave of selling pressure.
As a result, SUI is now poised to claim even more lows, with the bears seemingly in control. The recent drop has seen the asset lose over 15% of its value, leaving it vulnerable to further declines. A failure to defend the previous monthly low could trigger an extended bearish run, potentially pushing the price below the $1 mark in the long term.
From a technical standpoint, SUI’s price action suggests that any immediate bounce would need to reclaim the recently lost $2.83 resistance level before contemplating an increase to $3.26 or possibly even $3.74. However, this appears increasingly unlikely, given the asset’s recent weakness and failure to break through key resistances.
Instead, a breakdown of the current support at $1.96 could propel SUI towards $1.6, with further losses potentially taking it down to $1.1.
In conclusion, the current market conditions suggest that SUI is more likely to continue its downward trajectory than experience a meaningful reversal.
Source: https://nulltx.com/sui-price-analysis-prediction-april-6-sui-sets-to-claim-more-lows-after-losing-60-in-90-days/
