$HEI re’s a clean read on SUI/USDT (15m) based on the chart you shared:

Price has experienced a sharp impulsive sell-off from the 1.58–1.56 area, breaking short-term structure decisively. The drop was accompanied by a clear volume spike, confirming strong distribution rather than a simple pullback.

After the dump, price is consolidating weakly near the lows around 1.46, forming small-bodied candles with declining volume. This suggests bearish continuation or a pause before another leg, not strength yet.

Key levels

Resistance: 1.50 – 1.53 (previous breakdown zone)

Immediate support: 1.45

If 1.45 fails: 1.42 – 1.40 becomes the next downside area

Bias

Intraday bias remains bearish below 1.50

Any bounce into resistance looks corrective unless volume and structure reclaim 1.53+

What to watch

Strong reclaim and hold above 1.50 with volume → short-term relief bounce

Breakdown and acceptance below 1.45 → continuation move lower

If you want, I can format this as a ready-to-post trading update or adjust it for a higher timeframe bias.