Sui (SUIUSD) held steady at a decline in its latest intraday trading, with the main short-term bearish trend still dominant and trading aligned along a descending line. Continued negative pressure from trading below the 50-day SMA reinforces the downside bias. Moreover, a bearish divergence has begun to form on the relative strength indicators after reaching extremely overbought levels, showing excessive momentum compared to price movement, along with additional bearish signals emerging.

Therefore, we expect the cryptocurrency to decline in its upcoming intraday trading as long as the resistance level of $2.2077 holds, targeting the support level of $1.7400.

Todays price forecast: Bearish.