#Sui

🔎 Technical Analysis:

Price Trend:

The price is in a strong downtrend, moving from $4.44 to the current level at $3.3114.

Lower highs and lower lows are visible.

Support Level:

A visible support zone lies near $3.08–$3.10, and the price is approaching it.

The 24h low is $3.2663, showing there's room below.

MACD:

The MACD and signal lines are below zero and diverging downward — strong bearish momentum.

Williams %R:

Current reading: -92.77, which is extremely oversold, indicating a potential for short-term bounce or consolidation.

OBV (On-Balance Volume):

OBV is negative and declining → sellers dominate volume, adding pressure.

📉 Will It Dip to $3.07 Today?

It's possible, considering:

The strong bearish momentum.

No current signs of bullish reversal.

$3.07 lies just below previous minor support at $3.08.

However, being in the oversold zone suggests it might stall or bounce slightly before hitting that level.

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