Bitcoin News Today: SUI Stabilizes at $3.75 Support After 4.4% Pullback Amid Consolidation Phase

SUI has found temporary stability near the $3.75 support level following a recent breakout, as the Relative Strength Index (RSI) remains in neutral territory. After five consecutive green weekly candles, the token experienced a 4.4% pullback in the last 24 hours, returning to a key support area it has repeatedly held in recent sessions. This correction is seen as a natural consolidation phase following an extended rally and breakout from a long-term diagonal trend line [1].

The current price action reflects a defined short-term trading range, with $3.75 acting as a critical support level and $3.92 as the immediate resistance. The market is closely watching whether this range remains intact, as a breakout above $3.92 could signal renewed bullish momentum. A golden cross has also formed on the daily chart, indicating potential for continued upward movement, although the RSI’s neutral reading suggests a balanced market with no clear bias for either buyers or sellers [1].

Despite the recent decline, SUI remains within a structured technical environment. The 3.9% drop in BTC terms (valued at 0.00003174 BTC) does not signal a breakdown in the broader uptrend established over the past month, during which the token rose 40.54%. However, a significant breakdown below $3.75 could trigger renewed bearish pressure and push the price toward lower levels of support [2].

The broader cryptocurrency market is also in a consolidation phase, with Bitcoin maintaining a 60.4% dominance share. This context adds uncertainty to SUI’s near-term outlook, as overall market sentiment and risk appetite play a major role in shaping individual asset movements [5].

For traders, the key focus remains on price behavior around the $3.75 and $3.92 levels. A breakout above $4.67 could indicate a new phase of bullish momentum, especially if accompanied by increased volume. Conversely, a breakdown below $3.75 may signal bearish pressure and lead to further declines. The cautious positioning of market participants is evident in the current price stability, with many waiting for clearer signals before committing to larger positions [1].

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Source:

[1] https://cryptonewsland.com/sui-steadies-at-3-75-support-after-breakout-am/

[2] https://www.binance.com/en/square/post/27727175377578

[5] https://www.instagram.com/p/DMxW-GPoLLO/