SUI is testing the $1.35 support level, hovering near the lower boundary of a descending channel on the 12-hour chart. Despite the bearish trend, technical indicators suggest potential for a relief bounce towards $1.80 and $2.90. Volume clusters around the current price indicate two-way trade and possible seller exhaustion, rather than panic. The Relative Strength Index (RSI) shows a momentum reset without oversold pressure, suggesting a neutral short-term reaction. The weekly chart reflects a macro accumulation phase, with price trading around $1.40 in a zone where smart money may quietly enter. While the long-term trend remains bearish, the current consolidation hints at potential base formation if the price reclaims mid-channel resistance.