Sui (SUI) is currently trading at $2.49, reflecting a slight daily increase of 2%. However, it remains below key moving averages, indicating a struggle to gain upward momentum. Technical indicators suggest that bearish momentum persists, even as the asset experiences oversold conditions. This scenario raises concerns about the potential for further declines as traders assess market sentiment and positioning. The combination of these factors suggests that SUI may continue to face challenges in establishing a more favorable trading environment.
