$A SUI experienced a sharp decline this week. Here are the main reasons:

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🚨 1. Drop of ~8% after strong selling during the night (U.S. night)

• In the early hours of Thursday (U.S. time), the price dropped from about US $3.82 to US $3.52 (~−8%). The volume surged to US $35 million, suggesting that institutional investors took the opportunity to buy — a typical “panic sale” followed by recycling by heavyweight players  .

🏦 2. Regulatory advances – ETFs as a double-edged sword

• CoinDesk reports that, on the same day, the SEC advanced the request for the ETF from Canary Capital, and 21Shares also submitted its request. This heightened institutional interest, increasing volatility — a high possibility of a short drop with a strong rebound .

🔄 3. Technical correction after recent rise

• SUI rose about 37% in the last month, going from ~US $2.80 to almost ~US $3.85 . Corrections of 8–10% are normal in these situations, especially with strong resistances at US $4.10–4.30 and temporary support at US $3.50–3.80  .

📈 And what’s next?

• After the pullback to the range of US $3.50–3.60, it is possible that the price will recover if interest in ETFs remains strong.

• SUI will face important resistances between US $4.10–4.30 before attempting to rise to US $5, according to analysts  .

• There are already signs of re-entry, with the price recovering now near US $3.78  .

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In summary: this week's decline was a momentary shock — a combination of profit-taking after significant highs and fluctuations caused by news about ETFs. But the quick rebound indicates that there are buyers seizing the opportunity. We will continue to monitor the next resistance at US $4.10–4.30 and the evolution of ETF requests, which will be decisive for future movement.#SUI🔥