๐Ÿ’ฅ๐Ÿ’ฅ ๐—ž๐—ฒ๐˜† ๐—ฃ๐—ผ๐—ถ๐—ป๐˜๐˜€ ๐—ณ๐—ฟ๐—ผ๐—บ ๐—ฆ๐—จ๐—œโ€™๐˜€ ๐—ฅ๐—ฒ๐—ฐ๐—ฒ๐—ป๐˜ ๐— ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜ ๐—”๐—ฐ๐˜๐—ถ๐˜ƒ๐—ถ๐˜๐˜†๐Ÿ’ฅ๐Ÿ’ฅ

1. All-Time High and Decline: SUI hit an all-time high of $2.36 on October 14 but has since dropped to $2.04, marking a 14% decline due to profit-taking.

2. Key Resistance at $1.97: SUI is trading just above the $1.97 resistance level. If selling pressure persists, SUI could drop further, potentially seeking support from the Ichimoku Cloud.

3. Bearish MACD Signal: The MACD line has crossed below the signal line, indicating a shift from bullish to bearish sentiment, suggesting increased selling pressure in the market.

4. Weakening Momentum: If SUIโ€™s price enters or drops below the Ichimoku Cloud, it may signal a transition to a bearish trend and further weakening momentum.

5. Decline in Open Interest: SUIโ€™s open interest peaked at $709 million on October 14 but has since fallen 24% to $538 million, indicating reduced trader interest and fewer active positions in the altcoin.

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