SUI Bulls Test Key Resistance — A Breakout Or Rejection Ahead?
12 Março 2025 - 2:30PM
NEWSBTC
SUI recent price recovery has reignited bullish sentiment, but its
momentum is now being put to the test. After bouncing from key
support levels, the price is facing strong resistance that could
determine the next major move. Bulls are attempting to push through
this barrier, but a lack of sustained buying pressure has made the
breakout uncertain. Market indicators reveal a tug-of-war between
buyers and sellers, with bears aiming to cap gains and trigger a
reversal. If bulls manage to build enough momentum, SUI could
overcome this hurdle, setting the stage for a continued rally.
However, if resistance proves too strong, a rejection could force a
retracement to lower support zones. Can SUI Maintain Its Momentum?
SUI is currently facing a crucial resistance level, and its ability
to sustain upward movement will determine its next move. Bulls have
managed to push the price toward the $2.365 mark, but the key test
lies in whether buying pressure is strong enough to break past
resistance. Related Reading: SUI Breakout Alert: Strong
Momentum Puts $4.98 Key Level In Focus Although SUI’s price remains
below the 100-day SMA, signs of a potential shift in momentum are
emerging. The MACD is on the verge of a bullish crossover,
indicating that buying pressure may be building. When the crossover
is confirmed, it might signal a strengthening uptrend, increasing
the chances of SUI breaking through key resistance levels. If
bulls can successfully drive the price above the critical $2.365
resistance level, it could signal a strong breakout and open the
door for further upside. A decisive move past this level, supported
by increasing buying interest, is likely to push SUI toward the
next resistance zone at $2.8217. However, sustained volume
and additional bullish confirmations will be crucial for the rally
to gain traction. Should momentum weaken, SUI may struggle to
maintain its upward push, leading to another retest of lower
support levels. Rejection Risks: Could Bears Regain Control?
Resistance zones often trigger increased volatility as both bulls
and bears battle for control. With buyers failing to maintain
strength, SUI may struggle to hold on to its recent gains, leading
to a price rejection toward key support areas. Related Reading: SUI
Bearish Move Gathers Pace After A Breach Below Key Moving Average
The first major support to watch lies near the $1.5997 level, where
buyers might step in to prevent losses. A dip below this level may
open the door for a deeper correction toward the $1.4222
psychological support, a critical zone that has previously acted as
a price floor. Should selling pressure intensify, SUI could test
lower support near $1.1689, which indicates a stronger bearish
shift. Bulls must defend these levels to maintain the broader
uptrend or risk a prolonged consolidation phase before another
attempt at recovery. Featured image from Shutterstock, chart from
Tradingview.com
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