The SUI price is approaching a major inflection point, and today’s session could determine its short-term direction. After weeks of bearish pressure, the token now sits just above a psychological level that could act as either a springboard or a trapdoor.
With SUI currently trading around $2.96, traders are asking: will we finally see a decisive move—or just more sideways chop?
Let’s break down the latest technical setup and what it could signal for the next move.
Support Holds for Now – But for How Long?
The daily chart shows that SUI is testing the $2.90–$3.00 range for the third time in June. This level has historically acted as short-term support, but the bounce has been progressively weaker with each retest—a potential sign of exhaustion.
Source: Tradingview
Volume has also tapered off, indicating uncertainty rather than conviction. If the $2.90 level fails to hold, downside targets could include the $2.70 zone, which aligns with previous consolidation seen in early May.
However, if bulls step in and defend the area once again, a relief bounce toward the $3.20–$3.40 resistance zone becomes likely.
Sui Price: Breakout or Breakdown? What to Watch Next
The next 24–48 hours could be decisive for SUI:
- A daily close above $3.05 would confirm short-term strength and likely attract momentum buyers.
- A drop below $2.90 could trigger stop-loss cascades, accelerating the sell-off toward $2.70 or lower.
Watch for volume confirmation—a spike in trading activity paired with a breakout or breakdown would validate the move.
So far, the chart suggests a coin on the verge of choosing its next trend, not one locked in a particular direction yet.
Final Thoughts: Trade the Reaction, Not the Prediction
SUI remains one of the most watched altcoins due to its recent price volatility and ecosystem buzz. While sentiment is cautious, technical traders are closely monitoring for the next decisive move.Whether today’s action ends in a bullish breakout or a bearish continuation, what matters most is how price reacts at these critical levels. Risk management remains key, especially in a market that still lacks strong directional conviction.
