SUI Hits Key Resistance Following 75% Surge, Correction Expected Before Next Rally

BTCC / BTCC Square / Global Cryptocurrency /

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2025-04-30 19:40:12

[TRADE_PLUGIN]SUIUSDT,SUIUSDT[/TRADE_PLUGIN] SUI News -

SUI’s rapid 75% price increase is showing signs of exhaustion as it approaches a critical resistance area. The combination of Fibonacci retracement levels and historical price action indicates a likely pause in the uptrend—despite the strong bullish momentum.

Technical analysis reveals a potential swing-failure pattern forming at the 0.618 Fibonacci level, which has historically acted as a significant barrier. This type of rejection often leads to a healthy pullback before the next upward move. Traders should prepare for possible short-term downside before the next potential expansion phase.

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