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SUI Retests $3.52 After Breakout, Setting a Pivotal Price Decision

Analysts say the $3.52 retest could validate the breakout or signal renewed weakness.

Overview

  • SUI is trading in the mid-$3 range, recently quoted near $3.56 after gains of roughly 3% to more than 5% over the past week.
  • Technical analysts report a breakout from a falling wedge on the 12-hour/daily setup, with price now retesting former resistance near $3.52.
  • Holding that level as support could open near-term targets at $4.00 and $4.40, according to CryptoPulse’s scenario analysis.
  • A failed retest raises the risk of a pullback toward the $3.20 area before any attempt to resume an uptrend.
  • Market data shows a market capitalization around $12.73 billion and 24-hour volume above $1.1 billion, while RSI near 57 and an improving MACD suggest neutral-to-bullish momentum.