Sui Bulls Test Key Resistance – Breakout or Rejection First?

SUI’s recent price recovery has rekindled bullish sentiment, but its momentum is currently being tested. After bouncing off the main support level, the price is facing strong resistance that can determine the next major movement. The Bulls are trying to push this barrier, but the breakout has become uncertain due to a lack of sustained purchasing pressure.

Market indicators reveal a tug of war between buyers and sellers, with the bear aiming to make profits and cause a reversal. If the Bulls can build enough momentum, SUI can overcome this hurdle and set the stage for ongoing gatherings. However, if the resistance turns out to be too strong, the denial may force a retrace to lower the support zone.

Can Sui maintain that momentum?

SUI currently faces significant levels of resistance, and its ability to maintain upward movement determines the next move. The Bulls managed to push the price towards $2.365, but the key test lies in whether the purchase pressure is strong enough to break past resistance.

SUI prices are below the 100-day SMA, but signs of a potential change in momentum are emerging. MACD is on a bullish crossover crisis, indicating that purchasing pressure may be building up. A crossover is seen that could show a stronger upward trend, increasing the likelihood that SUI will break through key resistance levels.

If the Bulls can successfully drive prices above the $2.365 resistance level, they can signal a strong breakout and open the door for even more up. A critical move beyond this level supported by increasing shopping interest could push the SUI into the next zone of resistance at $2.8217.

However, sustained amounts and additional bullish confirmations are important for a rally to gain traction. If momentum weakens, the SUI will struggle to maintain an upward push, which could lead to another retest with a lower level of support.

Risk of Rejection: Can a bear regain control?

Resistance zones often cause an increase in volatility as both the Bulls and the Bears fight for control. Because buyers are unable to maintain strength, SUI may struggle to retain recent profits, leading to price rejection to key support areas.

The initial primary support to monitor is close to the $1.5997 level, with buyers likely intervening to prevent losses. Soaking under this level allows you to open the door for a deeper correction to the $1.4222 psychological support, a key zone that previously served as a price range.

If sales pressure is increased, SUI can test low support, near $1.1689. This indicates a stronger bearish shift. The Bulls must defend these levels to maintain a broader uptrend or endanger the long-term integration phase before another attempt at recovery.