The recent trend of $SUI shows a downward fluctuation, significantly affected by the decline in market risk appetite and capital outflow. Although the ecosystem continues to build, with modules like DeFi and gaming making ongoing progress, there is a lack of strong catalysts to support prices in the short term. From a technical perspective, SUI has tested previous support levels multiple times, with trading volume decreasing and rebounds being weak, indicating a strong wait-and-see sentiment in the market. In the medium to long term, if the progress of ecological projects accelerates and coincides with a market recovery, it may attract renewed capital attention. In the current stage, the operational suggestion is to maintain light positions and observe, paying attention to on-chain data and potential event-driven catalysts.