In recent days, the SUI token has faced some price fluctuations, being in the range between $1.92 and $4.32. Analyzing resistance and support levels may uncover further movements of the token.
Resistance and Price Levels
SUI has repeatedly failed to break the $4 level, confirming it as a strong resistance zone. The most recent high reached $4.32 before sellers pushed the price lower. A sustained breakout above this resistance could accelerate movement toward the $5 level. Also, it is important to note support levels at $3.17 and $3.44.
Moving Averages and Trading Volume
The 7-day moving average stands at $3.79, indicating short-term consolidation. The bullish short-term outlook is supported by the 25-day moving average at $3.75. Meanwhile, the 99-day moving average of $3.44 upholds the medium-term uptrend. Recent sessions show muted trading activity, indicating that the market is waiting for stronger signals before making decisions.
Overall Market Outlook
SUI stands at an inflection point where bulls aim for $5 and bears target $3.20. The outcome will depend on whether resistance is finally breached or support levels break. Traders view $3.17 as a key level for potential rebounds. Holding above this level would help maintain the broader uptrend.
The SUI token continues to be a focus as it tests its resistance and support. A successful breakout above $4.32 would validate bullish momentum, while weakness could expose downside risks.
