The once-unrestrained momentum of SUI seems to have taken a nap, its rise last week now but a fleeting memory. A sharp climb followed by what could only be described as a pit stop for this cryptocurrency.
Key Support levels: $3.2, $3
Key Resistance levels: $3.4, $4.1
1. Buyers Hit a Wall 🧱
After an exhilarating sprint, SUI reached a summit of around $3.9, only to find itself in a rather unpleasant correction phase. The $3.4 level, once a reliable friend, has now turned into an unforgiving foe, as the price dipped below it and established new resistance. If this level were a person, it would probably be saying, “Not so fast, my friend!”
2. The Dreaded Pullback 👀
Ah, late April—when SUI nearly doubled in a matter of days. Well, what goes up must come down, and May is serving up a 7% drop. It was almost as if we could see it coming, like the sound of thunder before the storm. If you’re holding your breath, you might want to exhale—this correction might linger, but with key supports at $3.2 and $3, there’s still hope for a comeback. Will the buyers rise to the occasion, or will they just sit on their hands?
3. The Silver Lining: Volume’s Got the Moves 💃
Despite the current hiccups, there’s one beacon of hope—SUI’s volume is climbing to new heights. Yes, you heard that right, higher highs. It’s like the cryptocurrency version of a triumphant comeback, and there’s a good chance that after this little breather, SUI will dust itself off, reclaim $3.4 as support, and eye the next targets—$3.9 and $4.1.
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2025-05-06 18:12