- The key resistance of SUI price tests is at $3.80 with the potential of breaking out to $4.00 and above.
- An upward shift beyond $3.80 might be an indication of a strong bullish movement, with a target of $4.00.
- The $3.00 support level is a key factor in maintaining the bullish trend of SUI and preventing pullbacks.
SUI price has been gaining steadily and is currently testing a critical resistance mark at $3.80 and this has created excitement among traders. This is one of the critical aspects that have slowed down the development of this asset, yet the recent price trend indicates that a breakout may be imminent.
SUI Price Approaches Key Resistance at $3.80, Setting Up for Potential Gains
SUI price has recently approached the critical $3.80 resistance level, sparking speculation of a potential breakout. Despite facing multiple challenges at this level, the latest price action has renewed bullish sentiment.
Analyst TheScalpingPro notes that the next few days will be crucial in determining if SUI price is set for a larger rally. A successful break above $3.80 could push SUI price toward $4.00, with $4.50 as the next key target. However, failure to break this resistance could lead to a retest of the $3.50 support level.
Source: TheScalpingPro/X
While the $3.80 resistance has held firm, the $3.50 support remains strong, suggesting that buyers are still active in this range. A breakout above $3.80 would likely drive SUI price toward $4.00, with $4.50 as the next major hurdle.
Currently SUI price is testing resistance at $3.80 and the resistance level is $4.00. According to analyst CryptClay, a breakout of $4.00 will drive SUI price to $4.50 and $5.00. On the higher lows trend, there is hope that more gains can be made, as long as the resistance at $3.80 is overcome.
Source: CryptClay/X
Any breakout will be verified by volume and momentum indicators. In case SUI price is above $3.80 in volume, the bullish trend is projected to persist. But in the event of resistance, one should expect a pullback to either $3.00 or $2.80 before any further upward move is attempted.
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