Technical analysis by Cozybanana78 about Symbol SUI: Sell recommendation (8/28/2023)

There is a prediction of a potential price decline for SUI due to indications of a breakout from its support line, confirmed by being situated below its 200-day moving average. Additionally, the confirmation is supported by a substantial surge in trading volume, possibly signifying substantial sell-offs by traders. This projection suggests that the price movement could reach as low as $0.513, presenting a potential downside of approximately -7.56%.