The cryptocurrency market has been experiencing a downturn in recent weeks, with many altcoins, including SUI, feeling the effects of Bitcoin's bearish trend.
SUI's price has dropped by 4.23% last week, causing concern among investors. However, despite this decline, there are still opportunities for growth and potential rebounds.
The long-term trend structure shows a clear downtrend in SUI's price, with it decreasing more than 40% from its peak of $1.5521. This suggests that the market is still bearish, but there are also signs of accumulation, which could potentially lead to a rebound.