Price Prediction of Sui
Buyers were unable to push Sui above the resistance of $4.25 on May 22, indicating that bears are aggressively defending the level.
The repeated inability to surpass the $4.25 level may have tempted short-term buyers to take profits. This dragged the price below the 20-day EMA ($3.73). If the price remains below the 20-day EMA, the SUI/USDT pair could plummet to the 50-day SMA ($3.09).
Conversely, if the price rises from the 20-day EMA and exceeds $4.25, it indicates the resumption of the upward movement. The pair could rise to $5 and eventually to $5.37, where bears are expected to intervene.