#sui $SUI
SUI Coin at a Critical Juncture! Can it Break the $4 Barrier?
Currently priced around $3.9, SUI Coin stands at a crossroads. This emerging cryptocurrency has just experienced a 3.05% decline and is currently struggling at the key resistance level of $4, with a palpable contest between bulls and bears.
The technical and fundamental aspects are currently speaking different languages: on the candlestick chart, SUI seems to be trapped under the $4 wall; the more attempts to break through fail, the greater the pressure from trapped positions above. However, on the bright side, each pullback has not broken the $3.5 support level, indicating that the bulls are still firmly defending the bottom line.
Even more tangled is the fact that traditional technical indicators are now playing tricks. The MACD line is twisting near the zero axis, the RSI indicator is stuck around the neutral line of 50, and even the Bollinger Bands have narrowed down to a mere thread—this situation looks just like the calm before the storm.
On the fundamental side, there is a glimmer of hope. The SUI ecosystem has been actively developing recently, with the number of active addresses on the chain quietly increasing by 15%, and a major wallet provider just announced support for its cross-chain functionality. Yet, the market remains unresponsive, and the short-selling volume in exchanges has quietly risen to a three-month high.
Now all eyes are on the $4 hurdle: if it can violently break through like Dogecoin did last year, the upward space may open up directly; if it falls back down like the previous false breakouts, the $3.5 support level is likely to be tested. For those holding coins, this wave of movement feels like opening a blind box—either you feast, or you take a hit.
