📉 SUI's Recent Decline
SUI dropped over 13% this week, falling back to $1.70 after a strong September rally that took it past $2.30. With the market turning volatile, some investors see this as an opportunity, while others remain cautious about a potential rebound.

🔄 History Repeats Itself?
SUI surged 360% in early August following support from Grayscale, which increased visibility and showcased SUI's fast transaction speeds and smart contract capabilities. This led to a massive rally despite bearish cycles. Now, a similar pattern might be forming with the integration of MemeFi into the Sui network, highlighting its impressive throughput.

📊 Key Metrics
While daily transactions have dipped from 4.8 million to 4.6 million, new wallets are on the rise, jumping from 90K to 130K. This indicates fresh interest in the market, suggesting that some investors see the current price as a potential bottom, signaling optimism for future growth.

📈 SUI's Rebound Strategy
Unlike the previous cycle, where the RSI hit overheated levels, SUI's current position is more comfortable, with no significant selling pressure. This could encourage buying interest, especially with new wallets entering the ecosystem.

🚀 Potential Upswing
With rising new interest and manageable selling pressure, SUI could see a rebound, potentially climbing back to $2 or higher. If market conditions remain favorable, SUI might even surpass its previous all-time high. However, monitoring new wallet growth and altcoin performance will be crucial for a sustained recovery.