SUI Price Analysis: Will the Token Break Out or Face Further Decline?
SUI continues to navigate a corrective phase that started in May, showing no definitive signs of a bullish reversal. The token remains under downward pressure on shorter timeframes, despite occasional recovery attempts.
Technical analysts predict more downside before any substantial rally. Recent price action tested key support at $3.05—a drop below this level could trigger further declines toward $2.79. Market sentiment hints at one final dip before a potential recovery.
The $3.38 resistance zone stands as a critical level. A strong breakout above this point could fuel significant upward momentum. Until then, bearish control persists.
Contrasting this view, some analysts spot bullish consolidation patterns. SUI's position below the BOS (Breakout Structure) zone leaves room for interpretation. "Markets often compress before expanding," noted one trader, suggesting possible accumulation.
