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SUI Token Faces Critical Support Test: Can Bulls Defend $3.05?
SUI Token Faces Critical Support Test: Can Bulls Defend $3.05?
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[TRADE_PLUGIN]SUIUSDT,SUIUSDT[/TRADE_PLUGIN]
SUI News -
The SUI token continues its corrective phase initiated in May, with technical indicators pointing to potential further downside before any significant recovery. Current price action lingers NEAR crucial support at $3.05—analysts warn a breakdown could trigger accelerated declines toward $2.79.
While market structure remains bearish, traders are watching the $3.38 resistance level as a potential turning point. A decisive breakout above this zone could spark upward momentum. Technical analysts note emerging bullish consolidation patterns below the BOS (Break of Structure) zone, indicating possible upside potential despite prevailing bearish pressure.
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SUI Price Analysis: Will the Token Break Out or Face Further Decline?
