$SUI is a promising coin with significant utility, but many investors are currently shorting it aggressively. There's solid support at $1.678, and if that level is broken, we could see a drop to $1.6519. Rapid price increases can be risky, as they may indicate liquidations, and/or large whale investors. price growth needs to be organic.
In the long term, $SUI is likely to surge, potentially reaching $3 by the end of the year. However, it's important to manage your stop-loss carefully. Make decisions based on data and insights rather than emotions, and if you're facing losses, close your position immediately instead of hoping for a market rebound.
It's better to take smaller losses than to endure one significant one.