"SUI's 43% Decline: Altcoin Struggles as MACD Hints at Recovery"

SUI, an altcoin that has been struggling to regain lost ground since the beginning of the year, has experienced a significant 43% decline. Despite multiple attempts to bounce back, the cryptocurrency has failed to establish a sustainable recovery. A lack of investor confidence has further delayed SUI's price rebound, keeping it under pressure in a volatile market.

The Moving Average Convergence Divergence (MACD) indicator is approaching a potential bullish crossover, which would be SUI's first positive shift in nearly a month. This technical development could signal the start of a recovery rally, drawing attention from investors looking for renewed momentum. However, the market remains cautious, with traders waiting for confirmation before making significant moves. A successful MACD crossover could encourage buying activity, but hesitation persists due to prevailing bearish sentiment. Without stronger demand, SUI's recovery attempt may remain short-lived.

The Chaikin Money Flow (CMF) indicator highlights ongoing capital outflows, reflecting weak investor participation. Since the start of the month, CMF has failed to close above the zero line, showing that selling pressure continues to dominate. This suggests that investors remain skeptical about SUI's potential for a sustained price increase. Until inflows start outweighing outflows, SUI may struggle to generate enough demand for a strong breakout. Without a shift in investor sentiment, the altcoin's recovery could be delayed further. The market needs a surge in accumulation to confirm bullish momentum and counteract existing resistance.

SUI's price has risen by 6% over the last 24 hours, currently trading at $3.25. Despite broader bearish market conditions, the altcoin has maintained its position above $3.00. This resilience has helped prevent a drop below the critical support level of $2.85, keeping hopes for a rebound alive. Market indicators present mixed signals, but SUI's ability to hold above the $3.18 support level offers a potential bullish outlook. If the altcoin secures this level, it could move toward $3.69, marking a significant price increase.

However, losing the $3.18 support could shift momentum back in favor of the bears. If selling pressure intensifies, SUI may revisit the $2.85 support, with a break below this level invalidating any bullish thesis. Such a scenario could extend investor losses and delay the possibility of a