$SUI is currently trading under heavy bearish pressure after failing to hold above the $1.20 region, with sellers maintaining control following the rejection from the $1.35 local high. 📉

Despite the aggressive decline, price is now approaching a critical demand area where short-term stabilization could begin if buyers step in with volume. 👀

🔹 Current Market Structure:

• Key Support Zone: $1.11–$1.12
• Immediate Resistance: $1.16 → $1.20
• Major Breakout Recovery Level: $1.23+
• Local High Rejection: $1.35

The ongoing correction reflects strong short-term profit taking after the previous upside expansion, but the market is now entering an important reaction zone where volatility could increase significantly.

Volume remains elevated during the selloff, indicating active participation from both bears and dip buyers. 📊

If bulls manage to defend the $1.11 support region and reclaim the $1.16–$1.20 resistance area, momentum could quickly shift back toward recovery mode.

🎯 Recovery Targets:

• $1.20
• $1.23
• $1.26+

However, failure to hold the current support zone may open the door for further downside expansion before any meaningful reversal attempt develops.

For now, traders should closely monitor price action around support and wait for confirmation volume before positioning aggressively. 🔥

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