SUI Faces Critical Support Test at $3.10 Amid Mounting Bearish Pressure

SUI’s price action has reached a pivotal moment after dropping below $3.20, with the token now challenging the crucial $3.10 support level. A failure to maintain this zone could accelerate downward movement toward $3.00, exacerbating recent bearish trends.

Previous recovery efforts were cut short when SUI’s April 29 surge to $3.85 encountered strong resistance, prompting profit-taking and a continued decline. Traders are now monitoring for either a breakdown from the descending wedge pattern or a potential reversal signal if bulls can protect the $2.95–$3.10 range.

A sustainable rebound would require SUI to decisively reclaim the $3.40–$3.60 resistance zone with strong trading volume. The current technical landscape reflects a classic battle between depleted sellers and value-seeking buyers.