SUI is testing a major support line on its daily price chart, with analysts predicting a potential rebound to $2.05. Currently trading at approximately $1.49, SUI has experienced a decline of over 2% in the past 24 hours and more than 16% over the past week, according to CoinMarketCap data. Despite the broader market's bearish sideways movement, with Bitcoin and Ethereum trading below $90,000 and $3,000 respectively, analysts remain optimistic about SUI's prospects. The altcoin has previously set a new all-time high during this bull cycle, and expectations are high for it to reclaim higher price targets as the market anticipates a potential altseason peak.