SUI Traders Focus on $3.17 Support Amid $4 Resistance Hurdle

Generated by AI AgentCoin World
Sunday, Aug 17, 2025 12:16 pm ET1min read
SUI
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Aime RobotAime Summary

- SUI faces $4 resistance after sustained buying pressure since spring, with $3.17 support emerging as a critical technical inflection point.

- Analysts highlight $3.17's strategic position at trendline and Fibonacci convergence, signaling potential trend continuation if successfully defended.

- A breakdown below $3.17 risks triggering bearish momentum toward $2.80–$3.00, while a $4 breakout could target $5.40–$6.70 extensions.

- Market participants are advised to monitor these key levels as decisive outcomes will determine whether SUI continues its uptrend or enters a correction phase.

SUI has been on an upward trajectory since the spring, marked by a series of higher lows that suggest sustained buying pressure. However, recent price action has shown signs of hesitation as the token repeatedly fails to break above the $4 resistance level, raising concerns about the near-term viability of the rally [1]. Analysts are now focusing on the next critical support level at $3.17, which has emerged as a potential

inflection point
for the price’s direction.

According to expert analyst Ali, $3.17 is a crucial level that sits at the intersection of a key ascending trendline and Fibonacci retracement levels, making it a focal point for traders [1]. A successful defense of this support would not only validate the strength of the bullish structure but also signal that the broader uptrend remains intact. If

SUI
holds above this level, the next objective would be a retest of the $4 resistance, with potential targets extending to $5.40 and $6.70 based on Fibonacci extensions [1].

Conversely, a breakdown below $3.17 could shift the momentum in favor of the bears, leading to a possible descent into the $2.80–$3.00 range [1]. This scenario would likely trigger a retest of the lower trendline and could expose the asset to further selling pressure, particularly from traders reassessing their positions.

While the immediate outlook remains uncertain, the broader technical picture continues to favor the bulls. The consistent formation of higher lows since April suggests underlying demand and indicates that the long-term trend is still intact [1]. What remains to be seen is whether SUI can muster the strength to break through the $4 ceiling and confirm a new phase in its rally.

Market participants are advised to closely watch the $3.17 support and the $4 resistance levels as these are key decision points for both bulls and bears [1]. Until one side achieves a decisive breakout, the price is expected to remain in a consolidative phase with choppy price action. The ability of SUI to navigate this critical juncture will ultimately determine whether it continues its ascent or enters a correctionary phase.

Source:

[1] SUI Price Hits a Wall: Expert Explains Why This Support Could Decide Everything, (https://coinmarketcap.com/community/articles/68a1fda0a49917285c732b78/)