SUI Bulls Test Key Resistance — A Breakout Or Rejection Ahead?
SUI’s recent price recovery has been reignited Bullish sentimentbut now testing its power. Prices face strong resistance after bounced from key support levels, which could determine the next major action. The Bulls tried to push the barrier, but the lack of ongoing buying pressure made the breakthrough uncertain.
Market indicators reveal a tug of war between buyers and sellers, and the bear’s purpose is to limit and trigger a reversal. If the Bulls manage to build enough momentum, Sui can overcome this obstacle and lay the foundation for continuing the rally. However, if the resistance proves too strong, rejection may force a retreat Support area.
Can Sui maintain its momentum?
Sui Currently facing a critical level of resistance, and its ability to maintain upward movement will determine its next move. The Bulls managed to push the price to $2.365, but the main test is whether the buying pressure is enough to break the resistance of the past.
Although Sui’s price is still below the 100-day SMA, signs of a possible shift in momentum are emerging. MACD is on the brink of bullish cross-border, indicating that buying pressure may be under construction. When crossover is confirmed, it may indicate an enhanced uptrend, thereby increasing the chances of SUI breaking through key resistance levels.
If the Bulls can successfully push the price above the critical 2.365 $2.365 resistance level, it could mark a strong breakthrough and open the door to further upside. Decisive moves beyond this level may push Sui to the next by increasing support for purchase interest Resistance zone $2.8217.
However, sustained volume and other bullish confirmations are crucial to the attraction of the rally. If momentum diminishes, Sui may struggle to maintain its upward push, resulting in another Retest Lower support level.
Reject risk: Can bears recover control?
Resistor zones usually trigger increased volatility bull And fight for control. As buyers are unable to maintain their strength, SUI may struggle to maintain its recent gains, resulting in price rejection on major support areas.
The first major support to watch is close at the $1.5997 level, and buyers may step in to prevent losses. A drop below this level may be $1.4222 for psychological support to open the door, a key area that has previously served as a price floor.
Sales pressure should be intensified, and SUI can test lower support volumes close to $1.1689, indicating stronger bearishness. Bulls must defend these levels to maintain a broader uptrend or risk a long merger phase before trying recover.
