Sui struggles to recover from recent losses amid investor skepticism

SUI has faced a significant decline of 43% since the start of the year, struggling to attract investor confidence. The current price sits at 3.25 USD, and investor skepticism curtails its potential recovery.

The MACD indicates a possible bullish crossover, yet weak participation reflected in the Chaikin Money Flow suggests ongoing capital outflows. Maintaining the support level at 3.18 USD is crucial, with a potential drop to 2.85 USD threatening the recovery.

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