$SUI has taken another hit after dropping below its 200-day moving average, which currently sits around $0.86. Price is now trading around $0.83, putting it on the wrong side of a level that bulls really need to hold, consolidation is likely here but SUI is printing a very weak weekly candle rn Zooming out, the chart doesn't make for particularly good reading. Since reaching highs of around $5.50, SUI has been stuck in a clear downtrend, with lower highs and lower lows along the way. The recent bounce towards of $1.20-$1.30 looked promising, but ultimately failed to gain any real momentum since the rally was just connected to short term market greed and Bitcoins rally. The main levels I'm watching $0.86: The 200-day moving average. SUI needs to get back above this level if bulls are to stand a chance of turning things around in the short-term $0.75-$0.80: Reflecting the next area of support. Losing this could make things uncomfortable. Who else is bullish on SUI then?