Sui Under Pressure: Can It Stay Above the Key Level?

The price of Sui (SUI) is facing strong pressure after failing to stay above $4.00, raising speculation about its next move. The token has entered a critical demand zone, which has historically triggered buying interest. This level is crucial for traders watching for a potential trend reversal.

SUI Price Trend Analysis

According to recent data, SUI is trading with a 4.80% gain over the past 24 hours. Since December 2024, the $3.50 level has consistently acted as strong support, with each dip attracting buying pressure.

If the price holds above this level, there is potential for a bullish reversal, possibly leading to a retest of the resistance zone between $3.87 and $4.12. However, if selling pressure increases and the price falls below $3.50, it could trigger profit-taking and push SUI toward $3.08.

Key Support and Resistance Levels

🔹 20-EMA (Exponential Moving Average) at $3.58 serves as immediate support.
🔹 50-EMA at $3.76 represents a key level for sustained recovery.
🔹 100-EMA at $3.99 remains a long-term resistance level.

If SUI successfully breaks above $4.12, it could confirm a stronger bullish trend, accelerating a potential rise toward $4.90.

Momentum indicators suggest a mixed outlook:
📊 RSI at 53 signals neutral conditions – a move above 60 would confirm renewed buying pressure.
📊 MACD histogram has shifted positive, indicating a possible sentiment shift, but further bullish momentum is required for confirmation.

Will SUI Hold Its Demand Zone?

Current price action indicates early signs of recovery, but SUI remains at a crucial inflection point. If buyers manage to push the price above $3.87, it could set the stage for a move toward $4.12 – $4.90.

📈 A falling wedge breakout pattern has emerged on the charts, which often precedes a trend reversal. However, confirmation is needed above key resistance levels.

If $3.50 fails to hold as support, the risk of further downside increases, potentially driving the price toward $3.08 or lower. 🚨


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