SUI Faces Critical Technical Test: Will Support Hold or Trigger Deeper Correction?
Sui (SUI) is trading at a decisive technical juncture, clinging to the lower boundary of a descending channel as bearish momentum persists. Despite ongoing ecosystem growth, the token faces a make-or-break moment at its current support level.
Analysts note that the $1.80 resistance zone stands as the first major upside target should buyers successfully defend the floor. A decisive breakout could propel SUI toward the channel's upper resistance NEAR $2.90. However, a failure to hold support risks extending the current downtrend.
Technical indicators remain cautious: sui continues to trade below the Ichimoku Cloud, suggesting bears still maintain control in the near term. Market participants are closely watching for either a confirmed bullish reversal from this support zone or a breakdown that could lead to further downside.
