Sui (SUI) has experienced a 17% decline over the past week, reflecting a broader market sell-off that also saw Ethereum (ETH) and Bitcoin (BTC) posting losses. The cryptocurrency is currently testing a critical support level near $3.07, which marks the lower boundary of a rising wedge pattern. Market analysts suggest that if buyers can maintain this support, SUI could potentially rebound to $3.60. However, a failure to hold this level might result in a further decline, with the next support target around $2.33.