📉 $SUI in the eye of the storm... Has the collapse begun? 🕳️🔥
Despite the grim picture painted by technical analysis, recent data reveals a more complex scenario for $SUI in August 2025:
📊 Price Forecast:
- Current Price: $3.39
- The price is expected to drop to $3.21 by August 25, a decrease of -5.3%
- A further decline towards $2.90 – $3.14 is anticipated during the month, with an average at $3.16
- However, it is indicated that this drop may just be a temporary correction, as a rebound towards $4.30 – $5.36 is expected if demand returns at dynamic support levels
🧠 What supports the negative trend:
- Trading volume has decreased by +30% in recent days
- The RSI indicator is nearing the oversold territory
- Increased exchange balances = potential selling pressure
- A decline in social engagement and a shift in interest towards other projects like BNB and Pepecoin
⚠️ Possible Scenarios:
- Continued decline towards $2.90 – $3.00 if volume remains weak
- Technical rebound towards $4.30 – $5.36 if institutional support or positive news emerges
- Risk of breaking the dynamic support at the 200-day moving average, which could open the door for a deeper drop
⚠️ Conclusion:
$SUI is undergoing a sharp correction phase, but the picture is not final.
If momentum is regained at support levels, we may witness a rebound towards higher levels.
However, if volume remains dry, the price may head towards $2.90 – $3.00 before any new upward attempt.