SUI Trapped Between $3.44 Support and $4.00 Resistance Amid Mixed Technical Signals

SUI remains in a critical consolidation phase as technical indicators highlight potential short-term volatility and directional uncertainty. Analyst Ali has identified $3.17 as a crucial support level, warning that a breakdown could expose deeper price levels at $2.88 and $2.61 [1]. This projection aligns with the Fibonacci retracement levels, which show $3.1735 as a key area for stabilization [1].

The asset has struggled to break above the $4.00 resistance level multiple times, with strong selling pressure observed around $4.20 [1]. Analysts suggest that a sustained move above $4.33 would reinforce bullish momentum and potentially target higher extension levels at $5.40, $6.01, and $7.15 [1]. Conversely, a failure to clear these levels could trigger a retest of key supports, including $3.44, which acts as an intermediate barrier [1].

RSI is currently at 52.43, slightly above its moving average, indicating a neutral to bullish bias as long as the indicator remains above 50 [1]. Historical data shows that price rallies often occur when RSI crosses above 60, while declines tend to follow when it drops below 40. This suggests that SUI is in a balanced but cautiously optimistic phase [1].

MACD also shows mixed signals. The line at 0.0508 is just below the signal line at 0.0561, indicating a mild bearish crossover [1]. However, both lines remain in positive territory, suggesting that the overall momentum is still constructive. A short-term correction toward $3.20–$3.40 is expected as part of a retest phase [1].

The current trading range between $3.50 and $4.00 reflects ongoing consolidation after a mid-July rebound [1]. Volume has remained moderate at 5.14 million, showing neither strong accumulation nor distribution. This indicates a lack of decisive market sentiment, with traders waiting for a clear breakout [1].

Looking at recent performance, SUI is trading at $3.7264, down 3.91% in the last 24 hours and 2.94% in the past week [3]. The price remains significantly below its all-time high of $5.35, recorded in January 2025 [3]. This continued underperformance highlights the asset’s volatility and the importance of monitoring key technical levels.

Further analysis from additional sources suggests that a drop below $3.44 could signal a continuation of the downward trend, potentially testing the 99-day moving average [1]. A move below $3.70 could also indicate weakening momentum [2], with $3.17 at risk if $3.57 is breached. Historically, $3.17 has served as a reliable support level, and a sustained breakdown could trigger further selling pressure [2].

Cold Wallet’s $6M presale momentum, while not directly tied to SUI, has influenced the broader market environment [4]. This development underscores growing interest in alternative investment options but does not alter the fundamental technical picture for SUI, which remains focused on its own price action and key levels.

Traders are advised to closely monitor the $3.17 and $4.00 levels, as these are critical for determining the next major price movement. A breakout above $4.00 could signal renewed bullish momentum, while a breakdown below $3.44 may lead to a more bearish scenario [1]. Given the current uncertainty, investors are urged to exercise caution and avoid overcommitting capital until further price action provides clarity [2].

In summary, SUI remains in a pivotal phase, with the potential to either consolidate further or break out in either direction. Analyst forecasts and technical indicators highlight $3.17 as a key near-term target, with the risk of a decline toward that level before the next major movement. Investors and traders should remain vigilant and adjust their strategies based on how these levels hold or break [1][2].

Source:

[1] SUI Trapped Between $3.44 Support and $4 Resistance Key Technical Inflection

https://www.ainvest.com/news/sui-trapped-3-44-support-4-resistance-key-technical-inflection-2508/

[2] SUI Price to $7? Here's the Exact Path

https://captainaltcoin.com/sui-price-to-7-heres-the-exact-path/

[3] Sui Price - SUI Value, Charts and News

https://altfins.com/crypto-screener/sui-sui

[4] Cold Wallet's $6M Presale Momentum Challenges Stellar and XRP in the Race for 2025s Top Crypto

https://coincentral.com/cold-wallets-6m-presale-momentum-challenges-stellar-and-xrp-in-the-race-for-2025s-top-crypto/