SUI Displays Bullish Indicators During Market Consolidation Phase

BTCC / BTCC Square / Global Cryptocurrency /

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2025-05-08 12:11:16

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

SUI’s technical analysis indicates a potential rebound after its recent correction. The cryptocurrency maintains a bullish trend in medium and long-term timeframes, with crucial support holding above $3.12. Resistance levels are noted at $3.87 and $4.30, while derivatives data shows increasing open interest absorbing sell pressure.

The market structure appears balanced without dominant liquidation bias. Traders are targeting $4.30 as the next upside objective, though a breakdown below $3.12 could initiate a retracement toward $2. SUI’s performance continues to correlate with broader macroeconomic conditions.

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