$SUI is getting beaten badly lately! 😬 Down more than 26% in a month, and now trading around $0.78. But interestingly, some traders are starting to look at this dip as a possible buying opportunity.

Here's what makes it interesting...

SUI might be entering a consolidation phase after this heavy selling. Many late buyers and leveraged long traders have already been pushed out during the recent drop. Sometimes, this kind of liquidation creates room for a short-term recovery.

📊 Another interesting thing is the liquidation map. There are bigger liquidity clusters around $0.81, $0.82 and $0.83. If buyers manage to push price higher, short liquidations could add more fuel to the move.

But don't ignore the negative side. SUI's TVL has dropped over 23% in a month, from $510M to around $394M. Also, Suiet ending its development and maintenance isn't helping market confidence.

🔍 My view? If SUI holds the $0.76–$0.78 region and buying pressure returns, a relief bounce towards $0.81–$0.83 is possible.

But if $0.76 breaks with strong selling, another downside move cannot be ruled out.

Could this be SUI's recovery starting point, or just another temporary pause before the next drop? 👀