The SUI is currently equipped at a vital intersection, with its price action revolving around a major resistance level of $3.52. Building momentum has attracted investors’ attention during this important period. A sustained breakthrough could mark the onset of a significant upward spike, or it could indicate that momentum would be lost.
SUI maintains its strength of $3.52 with new profits
In a recent post, Crypto analyst Bitguru revealed that SUI shows a noticeable strength in the market. At the time of the post, SUI held the company at a level of $3.48. It had already secured a profit of 3.1%. This is a direct result of assets bounce back from their recent lows.
Bitguru further emphasizes that the SUI’s momentum is stable rather than unstable, indicating that buyers have solid control over price action. This consistency is an important technical indicator, suggesting that the current upward trend has a solid foundation and is not just a temporary spike.
Looking ahead, Bitguru emphasized that the next key point for SUI is the $3.52 resistance level. Meanwhile, successful ranges above this price range are expected to trigger the next significant upward movement of the asset. This breakout confirms bullish momentum and strengthens SUI’s positive long-term outlook.
Focus and retest: Can the Bulls ensure a breakout?
A well-known analyst, Cryptopulse offers the latest technical analysis of SUI’s price action, highlighting important bullish developments. According to the post, the SUI is successfully split from the daily falling wedge pattern on the 12-hour chart. This is an important event. This indicates that sellers are losing momentum and buyers are gaining control as falling wedge breakouts usually show a potential reversal from a fall to an upward trend.
Following the breakout, SUI is currently engaged in a critical retest of the zone that previously acted as a resistance. In the classic “resistance-turned support” scenario, prices are now testing this previous ceiling and confirming it as a new floor. This is a trend that is likely to determine the short-term trajectory of an asset and confirm the effectiveness of a breakout.
Additionally, Cryptopulse outlines two different scenarios based on retest. If SUI can successfully maintain this new level of support, we will validate the breakout and set a phase of continuing upward momentum with the next potential price target of $4.00 and $4.40. However, if the SUI fails to hold a retest and falls below this key level, it can cause a deeper pullback, which will raise the price to the $3.20 area before a potential continuation of the uptrend.
