$SUI has been moving in a descending channel with higher highs and lower lows.

The latest sharp drop pushed the price into the key demand zone of $1.50 – $1.65 where a reaction is visible.

The market is likely looking for a relief‑rally bounce which is typical after a steep downward move.

Important magnet levels to watch are:
• $2.1
• $2.8
• $3.2

The overall trend remains downward but the local structure favors a recovery.

As long as the $1.7 zone holds, $SUI has room to climb toward the upper liquidity zone from where the market will decide the next direction

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