Strong support around $3.00 offers buyers confidence while sellers hold control near $4.50
SUI has posted a modest rebound, gaining nearly 5% to trade at $3.43. Despite the uptick, the broader technical setup shows the token trapped between critical support levels and overhead resistance zones. Analysts note that while bulls are defending the $3.00 region, SUI still needs a decisive breakout above $3.80 to confirm a sustained rally.
The chart highlights a long-term downtrend that began earlier this year, followed by consolidation phases within key demand zones. After sliding to lows near $2.30 in April, the token staged a recovery, with buyers stepping in strongly. Since then, SUI has oscillated between the green support band around $3.00 and the red resistance zone at $4.50.
Currently, the nearest challenge for bulls is $3.80, a level that has capped multiple rally attempts. On the downside, $3.00 remains a critical floor, with the deeper support zone extending toward $2.30.
“Momentum is building again for SUI, but without a break above $3.80, we are still looking at a range-bound market,” explained BITX market analyst.
Volume data suggests steady accumulation, yet not enough conviction to drive a breakout. Traders are watching whether the 3% rebound develops into a stronger move above resistance or if sellers step in once again near the $3.80–$4.00 range.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.