Sui, the upstart blockchain that's wowed with its high-speed and scalability promises, now looks like a young runner catching his breath on November 18, 2025 full of potential, but panting for now. At $1.63, it's a long way from its October peak above $2.50, leaving investors to wonder: Correction, or the dawn of a crypto winter? 24-hour volume exceeds $1 billion, a surge often tied to market's big decisions. Let's ground in market realities, because technical analysis leaves no room for guesswork numbers do the talking. Today's daily candle opened at $1.61 in GMT timezone, but sellers pounced, dragging it below $1.62. This 3.97% drop in 24 hours fits a wider downtrend since mid-November, where SUI lost over 20%. External pressures like regulatory jitters and fading interest in new L1s weigh in, but for us, levels and indicators are the compass. Support and resistance levels, those castle walls of the market, tell the tale plainly. Sui recently lost the main pivot at $1.668, now heading to S1: $1.636, S2: $1.618, S3: $1.585. Drawn from classic calculations and 0.5 Fibonacci, a breach eyes $1.50 recent lows area. Upside, resistances at R1: $1.686, R2: $1.719, R3: $1.737 loom like tough barriers. Clearing R1 needs hefty buy volume, nowhere in sight. Indicators, our trusty advisors, lean bearish. 14-period RSI at 40.81 signaling sustained selling without fully oversold. MACD at -0.014 crossed below the signal, negative histogram screaming bearish divergence. Stochastic at 50.677 neutral, but CCI at -161 and ADX at 30.864 affirm downtrend strength. Like a car out of gas upward speed stalled. Moving averages draw a grim portrait. Every MA from MA5 to MA200 (simple and exponential) flashes sell MA5 at 1.672, MA50 at 1.721, MA200 at 1.928. EMA50 at 1.720, EMA200 at 1.878. The recent death cross, 50 MA under 200, is textbook bear. Bollinger Bands squeeze, lower band at 1.60; a touch might yield brief bounce, but low volume doubts longevity. Chart patterns caution as well. Daily reveals a clear descending channel, lower trendline at 1.60 tested. A break spawns bear flag, targeting 1.40. 4-hour shows falling wedge with bearish breakout confirmed no inverse head and shoulders yet. These setups, road hazard signs, warn: 'Slow down, drop ahead.' Sure, there's the 'but.' Some highlight oversold vibes RSI nearing 30, historically rebounding and forecasts to $2.28 in 30 days. But data counters: Bearish sentiment with low Fear & Greed, high BTC correlation as it dips to $92k. Whale volume wanes, trust waning. Bottom line, strong sell. Traders, eye resistances for short entries, stops above pivot. Takeaway: In bear markets, cash rules Sui's a rocket with no fuel yet, but its thrust (adoption) might reignite. If MACD flips, pivot ready.