SUI, this layer-1 token promising speed and scalability, has faced headwinds lately in the crypto arena, just like the rest. Today, October 11, 2025, eyeing the SUIUSD chart, I get the sense the market's drawing a deep breath after a steep drop, maybe priming for a counter-move. The current price is about $2.70, distanced from recent highs with a 43% correction over the past week. This slide has pumped trading volume to $4.1 billion, 294% above average, signaling big money inflows or perhaps panic sells. Start from the peaks. The recent pattern crafts a falling wedge, often a bullish reversal setup, though unconfirmed. Key resistance at $2.90 near the 50-day SMA where SUI has pulled back before. Failure to breach it could extend bearish pressure, dragging to lower supports. But with surging volume, a breakout to $3.20 looks feasible. Some traders bet Sui's latest developments will crack this barrier. Supports, those rescue lines, at $2.50 a solid technical base from recent swings. Deeper, $2.30 is a firm psychological hold backed by the 200-day EMA. Drawn from 50% Fibonacci retracement and pivots, they act like protective walls in SUI's volatile turf. Holding $2.50 could cue a rebound; a break might hit $2.00. Scrutinize indicators; they're signposts. The 14-period RSI at 35 edging oversold suggests sellers tiring, buyers lurking. It often precedes bounces, though strong trends can dip further. Above 50 bullish, below 30 strong buy, here a rebound alert. MACD stays bearish. 12,26,9 settings show MACD below signal, negative histogram affirming down momentum. Yet, divergence price lower, MACD less hints bullish. Recent weeks saw a bullish cross, but it couldn't sustain price. Moving averages mix signals. 50-day SMA at $2.90, price below for short-term bearish. 200-day EMA at $2.40 keeps long-term up if above. Recent death cross, but volume might reverse it. Bollinger Bands widened, high volatility per ATR. Price near lower band, matching RSI for bounce boost. 24h volume $4.1B, institutional interest evident. Last month, SUI down 25%, but $10B market cap leaves growth room. Wedge pattern, if breakout, bullish. Strategy: Long above $2.50, target $2.90. Short below, stop above. Manage risk.