SUI Support Collapse AcceleratesSUI / TetherUSBINANCE:SUIUSDTDukesMarketAnalysisKey $0.84–$0.82 Support Has Failed • A support zone that held multiple times throughout February, March and April has now been decisively broken. • What was once support is now likely to become resistance on any recovery attempt. Sharp Rejection From Major Resistance • The May rally stalled almost perfectly into the confluence of the $1.35 resistance level and the falling 200-Day EMA. • Sellers stepped in aggressively from that area and have remained in control ever since. New Lows Continue To Print • Price has now fallen below the previous significant low at $0.788 and printed a fresh low at $0.6799. • The sequence of lower highs and lower lows remains firmly intact. Selling Volume Is Increasing • Volume has expanded during the decline, adding conviction to the bearish move. • There is currently little evidence of sustained buying interest. Only 7 Positive Candles In The Last 26 • The recent candle structure highlights the strength of the downtrend. • Buyers have struggled to gain any meaningful traction since the May top. Monthly Support Around $0.56 Comes Into Focus • With the $0.84 support zone lost, the next notable level on the chart sits near monthly support at $0.5597. • If current momentum persists, this becomes the next obvious downside target. In Summary SUI has been one of the weakest performers since the May peak, collapsing from major resistance at the 200-Day EMA and $1.35 level before breaking through the long-standing $0.84–$0.82 support zone. Price is now making fresh lows, selling volume continues to increase, and just 7 of the last 26 daily candles have closed positive. Until buyers can reclaim lost support, the path of least resistance remains lower, with monthly support around $0.56 becoming an increasingly important level to watch.