Recent data shows SUI cryptocurrency maintains a position above the important $2.26 support point, sustaining its positive trend.
Current Situation of Sui Price
Recent market data shows SUI trading at $2.27, with a 0.8% rise since yesterday. During this period, SUI’s price showed slight variations around $2.26. This area has served as a stable foundation for the coin. Sustained price performance above $2.26 is necessary for further growth as traders aim for the $2.50 level.
Three-Day Charts Indicate Growth
Three-day price charts demonstrate upward movement after SUI overcame the previous downtrend cycle. The price formed descending triangles with multiple lower highs from May 2024 to early 2025. The present upward movement occurred after breaking through these patterns. The price continues to test the $2.26 support while maintaining positions above it. This precedes another attempt at the $2.50 resistance area if current support holds.
Importance of the $2.26 Support for Sui
Charts also show SUI's recent price action within a bullish channel, showing continuous growth with regular peak demand and reduced activity points. These patterns are common during market testing phases. The price continues to drop within the $2.26 support area, demonstrating buyers' ongoing market control, though movement toward $2.50 remains challenging. Historically, $2.26 has been a key component in SUI price recovery, potentially enabling SUI to attempt breaking the $2.50 resistance barrier.
Market direction primarily depends on the strength of the $2.26 support resistance and the market’s ability to break through the $2.50 resistance level. A solid hold above $2.26 may open up opportunities for further growth, while trading below this point could initiate a downward trend.
