Here's a brief overview of SUI's current support and resistance levels, based on recent market activity and analysis:
Key Resistance Levels:
* $4.10 - $4.20: This range has acted as a significant short-term resistance. A decisive break and sustained close above this level are often seen as a bullish signal for further upward movement.
* $4.50: This is another important resistance zone that SUI has faced. Clearing this could pave the way for higher targets.
* $5.00 - $5.35 (Previous ATH): The all-time high of around $5.35 (reached in early January 2025) is a major psychological and technical resistance. Breaking and holding above this would indicate strong bullish momentum.
* Higher Targets ($6.50 - $10.00+): If SUI can establish itself above its previous all-time high, analysts are eyeing higher resistance levels, potentially ranging from $6.50 to even $10.00 or more in the mid-term, assuming continued bullish market conditions and ecosystem growth.
Key Support Levels:
* $3.80 - $4.00: The $4.00 mark has recently flipped from resistance to support for SUI. Holding above this level is crucial for maintaining the bullish structure. The range around $3.80 also acts as an immediate support.
* $3.55 - $3.70: This zone is seen as a retest range or "buy zone" after recent breakouts. A bounce from here would confirm continued strength.
* $3.45 (Trendline Support): There's an underlying trendline support around this level. A close below it could invalidate immediate bullish setups.
* $3.11 - $3.20: If there's a deeper pullback, these levels could act as strong support, especially if the broader crypto market experiences weakness.
* $2.20 - $2.45: This former all-time high (from March 2024) is a significant historical support level. Sustaining above this level throughout 2025 is considered essential for confirming bullish trends in the longer term.
