Based on the image of the $SUI /USDT trading pair on Binance, the current market price of SUI is $1.6771, with a recent drop of approximately 10.78%. The trading chart shows a sharp decline, suggesting a bearish sentiment in the market. The 24-hour trading volume is notable with 203.61M SUI being traded, which indicates significant market activity during this period.

The 24-hour price range for SUI has varied from a high of $2.0116 to a low of $1.6297. This volatility suggests that the market for SUI is highly reactive to recent news or market pressures, potentially providing opportunities for both short-term traders and those looking for a lower entry point in anticipation of future recovery.

Key support is currently being tested at around $1.6775, which is near the current market price. If this level holds, it could indicate a short-term stabilization, making it a potential entry point for a long trade with a tight stop loss just below. Conversely, if this support level breaks, further declines could be expected, potentially targeting the next support near the 24-hour low of $1.6297.

Investors and traders should monitor these levels closely, alongside any relevant market news that could impact the sentiment and trading dynamics of SUI. Risk management and a cautious approach are recommended given the current market volatility and the downward trend observed in the chart.

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