SUI Price Pulls Back After Strong Rally, Eyes Key Support Levels
SUI’s recent upward momentum has paused following a double-digit surge last week. The cryptocurrency hit a local high NEAR $3.9 before facing resistance at the $3.4 level, which previously acted as support. Over the weekend, SUI dropped below this level, turning it into a new resistance zone.
After nearly doubling in value during late April’s rally, SUI now faces a statistically likely May pullback. The current 7% decline could extend further given the rapid appreciation. Traders are watching key support levels at $3.2 and $3 as potential re-entry points.
Despite the correction, bullish signals appear in volume analysis. Trading activity continues forming higher highs—a technical pattern that often precedes renewed upside. market participants are closely monitoring these levels for confirmation of either trend continuation or reversal.
