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$SUI moves in a downtrend channel with higher highs and lower lows.
The recent sharp decline pushed the price into the main demand zone between $1.50 and $1.65, where a reaction can be observed.
The market is likely to seek a corrective rebound, which is common after a steep downward move.
Important magnetic levels to watch are:
• $2.1
• $2.8
• $3.2
The overall trend remains bearish, but the local structure favors a recovery.
As long as the $1.7 zone holds, $SUI has room to rise toward the higher liquidity zone where the market will decide the next direction.
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