$SUI Token is currently consolidating between $3.85 and $4.10, and this sideways move for the past few days can be due to a few key reasons:
🔍 Reasons for Price Stagnation:
Resistance at $4.10: There's a strong selling zone or resistance near $4.10, causing the price to repeatedly bounce back.
Buyers Holding Ground at $3.85: This acts as a support level, where buyers step in to defend further drop.
Low Market Volume: Trading volume has reduced slightly, leading to indecision and lack of strong price momentum.
Market Waiting for News: Traders may be waiting for bullish catalysts — like ecosystem updates or partnerships — before pushing price higher.
General Market Caution: The overall crypto market has been slightly uncertain, which affects SUI’s movement too.
🧠 What’s Next?
If $SUI breaks above $4.10 with good volume, it may quickly move toward $4.25–$4.50 range. But if it loses the $3.85 support, it could dip to $3.60 short-term.
