$SUI Stalls at $3.45 Wall; Is a Breakdown Coming?
SUI is currently showing signs of technical fatigue as it struggles to regain bullish momentum. Recent price action reveals a rejection below the 9-day and 20-day EMAs, both now sloping downward — a sign that sellers are gaining control.
The MACD histogram continues to print red bars, indicating growing bearish pressure. Meanwhile, the RSI remains under the neutral 50 line, reflecting a lack of buying conviction.
Key resistance stands at $3.45 and $3.58, while immediate support levels to watch include $3.27 and $3.19. A sustained move below $3.27 could trigger a deeper retracement toward $3.06. Conversely, a breakout above resistance with strong volume could revive bullish sentiment.
Traders are closely watching these levels for potential breakout or breakdown setups as momentum indicators continue to flash caution.
Read the full analysis: www.ecoinimist.com/2025/06/02/sui-stalls-at-technical-wall
