SUI's price is currently hovering around $4.20, positioned between two major liquidation zones that are attracting traders' attention.
Price Dynamics and Liquidations
SUI's price is at $4.20, a critical level for potential price fluctuations in the market. Crypto expert Cas Abbé noted that a sharp move past $4.12 or $4.45 could trigger a liquidation cascade. Coinglass data indicates that liquidations are clustered in the $4.05–$4.12 range, while short positions are piling up above $4.40–$4.45.
Resistance at $4.20
According to trader CW, SUI has reached a sell wall between $4.05 and $4.20, and the price is consolidating just below this resistance area. Previous attempts to break through this zone have resulted in reversals. However, current volume trends suggest buyers are stepping back in, and if the price pushes above this range, the next major resistance is expected between $4.80 and $5.20.
Technical Setup of SUI
Technical analysis indicates that SUI remains in a strong uptrend on the 4-hour timeframe, confirming a pattern of higher highs and higher lows with increasing volume on upward movements. Current resistance at $4.20 is the last hurdle before the upper liquidity zone activation. Support remains firm near $3.65 and extends down to $3.20.
SUI's current price is at a critical level, and any significant changes that may occur will be defining for the future direction of the token. Traders are closely monitoring key levels of $4.12 and $4.45, as a breakout of either could determine the next major movement.
