SUI Price at Critical Juncture: 30% Drop Looms If $3 Support Fails

SUI, one of the top-performing altcoins this cycle, faces a make-or-break moment following its two-month rally. Failure to hold critical support levels could send the token tumbling below $3.00, potentially triggering substantial downside.

After hitting an April peak of $4.29, sui has consolidated between $3.40-$4.00 throughout May. The recent market correction caused a 14.2% decline, testing the crucial $3.00 support zone. While a minor rebound to $3.20 occurred earlier this week, prices have since retreated to the $3.10-$3.15 range.

Technical analysts spot bearish patterns including a descending triangle formation with a potential Head & Shoulders pattern developing. "The $3.10 level is the line in the sand," notes market analyst Carl Runefelt. "A breakdown here could spark a 35% collapse toward $2.00, while holding could reignite bullish momentum."