$SUI Eyes Breakout After Pullback – Will Buyers Push Past $3.90?
SUI/USDT is trading at $3.8690, recovering modestly after a recent sharp decline. Despite the day’s -3.61% drop, the price is forming a compression range on the 15-minute chart. With buy-side pressure returning, a breakout or breakdown from this tight band could dictate the next significant move.
Key Technical Levels
• Resistance Zone: $3.9000 – $3.9250
Clearing this level with volume could reignite bullish momentum and push SUI back toward the $4+ region.
• Support Zone: $3.8400 – $3.8600
Losing this level may lead to continued downside pressure toward lower demand zones.
Trade Setup – Prepare for Range Resolution
Bullish Breakout Setup
Entry: Break and hold above $3.9250
Target 1: $4.00
Target 2: $4.10
Bearish Breakdown Setup
Entry: Fall below $3.8400
Target 1: $3.78
Target 2: $3.65
With volume declining and price tightening, SUI is coiling for a decisive move. Traders should watch for a clear breakout or breakdown confirmation. Momentum traders should remain alert around the $3.90–$3.84 range.