Sui (SUI) Price Holds $3.10 Support as Traders Eye Breakout Opportunity

Sean Williams
Sui-network

Getting your Trinity Audio player ready...
  • SUI trades in a 5-month-long range between $3.10 and $3.32.
  • Support at $3.10 is key; failure could trigger lower tests.
  • A breakout from this range could signal the next major trend.

Stay ahead with real-time updates and insights—Join our Telegram channel!

Sui (SUI) continues to consolidate, trading within a clearly defined range that has persisted for over five months. Currently priced at $3.24 after a 3.5% weekly decline, the token remains under close scrutiny as traders anticipate a potential breakout. With support at $3.10 and resistance near $3.32, every move near these levels could set the stage for the next directional shift.

SUI Maintains Stability Between Key Levels

Recent sessions show SUI hovering close to its lower range of $3.10, while the upper boundary near $4.29 remains a strong resistance. Historical trading activity highlights repeated tests of both ends of this channel since May. Buyers have consistently reinforced the floor, and sellers have capped gains, creating a balanced tug-of-war between supply and demand.

Market participants note that this long compression emphasizes the importance of upcoming reactions at the range limits. Any decisive movement beyond these points could mark the start of a significant trend for the token.

Short-Term Trading Signals and Price Action

SUI’s current trading at $3.24 reflects a modest 1.3% gain relative to Bitcoin ($0.00002885 BTC). On the daily chart, the price has tightened further, confined to the $3.10–$3.32 range. Technical indicators confirm that the market continues to respect these boundaries.

Traders remain watchful: failing to hold the $3.10 support could invalidate the current structure, potentially opening the door to deeper declines. Conversely, sustaining above this threshold keeps the range play intact, leaving the token poised for a breakout once momentum returns.

Also Read: Polkadot and Sui ETFs Listed on DTCC—Could SEC Approval Come Any Day?

Market Outlook: Watch for a Breakout

After more than five months within this channel, SUI is building pressure for a directional move. The longer the token trades in this tight range, the more meaningful any breakout becomes. Market focus remains on whether support at $3.10 continues to attract buying interest. A hold here would reinforce the range, while a failure could trigger a test of lower levels.

SUI’s range-bound consolidation is far from passive. Traders are positioning themselves for potential momentum shifts, aware that the next move could define the token’s near-term trajectory.

Stay ahead with real-time updates and insights—Join our Telegram channel!

Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.

Related Posts