Sui falls under $3 for the second time this mon

• Sui falls under $3 for the second time this month, posting on Friday losses for a third straight day. 
• Sui’s Open Interest falls to the lowest level in a month as optimism wanes in the altcoin market. 
• The technical outlook suggests increased downside risks with a potential triangle breakdown. 

Sui (SUI) edges lower by over 5% at press time on Friday, concurrent with the broader crypto market crash due to the escalation of the conflict between Israel and Iran.

The sudden sell-off prints multiple bearish candles in the daily price chart, while Open Interest plummets to a level last seen in April. As risk-off sentiment prevails in the cryptocurrency market, the SUI price forecast indicates dire downside risk.