$SUI risks retesting 50-day EMA

#SUI extends the declining trend under the $4.00 mark with its third consecutive bearish candle, erasing the gains from last week. The layer-1 altcoin inches closer to the 50-day EMA at $3.49 as the Relative Strength Index (RSI) is close to neutral levels at 51 but points downwards, indicating a decrease in buying pressure.

Investors may consider increasing bearish exposure as the Moving Average Convergence Divergence (MACD) crossed below its signal line on Monday, signaling a potential sell.