Key Insights:
- SUI rebounds after 38 days of pressure, approaching $3.76 resistance with $4.00 next.
- Support near $3.48 keeps bullish setup intact as traders prepare for potential upside breakout continuation.
- Clearing $3.90 could trigger stronger momentum, with price targets mapped at $4.20 and $4.40.
Sui (SUI) has turned upward after 38 days of sustained downward pressure, with traders now watching key resistance levels ahead. The token is trading near $3.70, supported by a daily trading volume of over $1 billion. According to market data, this reflects a 2% increase in the past 24 hours and a 9% rise over the last seven days.
Crypto analyst Lennaert Snyder noted,
“The first key resistance to test is $3.76. If we reclaim that, $4.00 resistance is next.”
The chart shows both levels acting as barriers in recent months, making them critical markers for SUI’s short-term trajectory.
Key Levels and Market Scenarios
The $3.76 level is the immediate resistance, with the $4.00 mark next in focus. A successful reclaim of these levels could pave the way toward $4.32. On the downside, support sits near $3.48, where price has consolidated before, while a deeper cushion lies around $3.20.
The chart outlines two possible paths: either a direct continuation above $3.76 and $4.00 or a pullback toward $3.60–$3.48 before resuming the upward move. Both scenarios suggest upside liquidity grabs are possible after the prolonged decline.
$3.90 Zone as a Key Pivot
Trader P4 Provider emphasized the importance of the $3.90 zone, stating that “once SUI reclaims $3.90, the next targets are $4.20 and $4.40.” This area coincides with previous rejection levels, making it a major decision point for traders.
The 4-hour chart shows SUI pressing against a descending trendline, with rising volume confirming renewed market activity. Consolidation near $3.90 before continuation is one of the scenarios projected in the chart path.
Outlook Supported by Market Structure
Momentum remains bullish as long as price stays above $3.48, with the broader structure intact above the $3.11–$3.12 support zone. Increasing volume suggests growing participation, reinforcing the setup for potential breakout attempts.
Traders now look to see whether SUI can sustain momentum above $3.76 and $4.00. If successful, the path toward $4.20 and $4.40 could come into play in the short term.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |