The price movement analysis of SUI indicates a dependency on key support areas. We will examine important levels and their significance for future price trends.
SUI Price Dependency on Support Levels
The price action of SUI is reliant on behavior within the $2.42 to $2.66 support zone. A drop below $2.42 could lead to a downturn towards $2.09, potentially causing further sell-off. However, buyers may step in at this pivotal level to prevent further declines.
Elliott Wave and Fibonacci Retracement Analysis
Technical analysis of SUI/USD on a three-day time frame reveals a complex Elliott Wave structure. Key reversal zones identified by significant Fibonacci levels at 35.20%, 50.01%, and 61.80% provide insights into potential support and resistance areas.
Monitoring Key Levels for Potential Trend Reversal
The price of SUI displayed high volatility in 2025. Starting from the beginning of the year, the asset began to experience an impressive uptrend, notably in February, reaching a level of 2.7K in April. Close attention should be paid to primary support levels as they may dictate market dynamics.
Monitoring key levels and their impact on SUI over the coming weeks will determine market direction. Investors should consider current conditions for informed decision-making.
