SUI Bearish Grip Tightens As Price Eyes $2.8 Retest Amid Market Pressure

SUI is facing mounting pressure as bearish sentiment continues to dominate the market, driving its price toward a critical retest of the $2.8 support level. This key price point has become a focal point for traders and investors, as it could determine the token’s short-term trajectory.

Recent market trends have seen SUI struggle to regain upward momentum. The $2.8 level, which has historically acted as a strong support zone, is now being tested once again. A successful hold may signal a potential rebound, while a breakdown may open the door for further downside.

The broader cryptocurrency market’s uncertainty with macroeconomic factors has added to the bearish pressure on SUI. Traders are closely monitoring trading volumes and market sentiment for clues on whether the $2.8 level will hold or if the token will face additional losses.