SUI is trading near $1.78, facing resistance from a descending trendline and key exponential moving averages (EMAs). Recent data from Coinglass indicates $6.61 million in net outflows on November 14, highlighting a persistent trend of traders reducing exposure. The token has struggled to surpass the 20 and 50 EMAs, with a potential close below $1.65 possibly driving the price down to $1.50. Sellers continue to exert strong bearish control, maintaining the downtrend.
SUI Faces Bearish Pressure as Price Hovers Near $1.78
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