Price Analysis View Non-AMP

Bearish Pressure Mounts Over the SUI Price Rally—Will it Offer a Good Entry Before Smashing $6?

Published by
Sahana Vibhute

With Bitcoin gaining momentum, the crypto markets have begun to rise. With the trading volume restricted within a range, the bulls were working hard to maintain a healthy ascending trend. Meanwhile, the SUI price seems to have been failing to gain the investor’s attention as the price levels continue to trade within a range-bound, facing enormous upward pressure. 

Now the question arises whether the SUI price will drop to the local support and offer a good entry for new investors or repeat the previous pattern and print a huge bullish candle, rising over 20%.

Recently, the SUI blockchain experienced a major exploit that drained over $200 million from the markets. Besides, Hyperliquid price broke out of the range and formed a new ATH that dragged SUI price below in the crypto rankings, which has been a major setback. In the times when the price is not displaying a possibility of a breakout, the SUI price is now believed to test the local support before the next price action. 

The SUI price is stuck within a pivotal range between the resistance zone of $3.73-$3.8 and the support zone of $3.3-$3.23. Currently, the price has dropped to the lower bands of Bollinger, while they have begun to squeeze, which indicates a period of low volatility. However, a squeeze usually results in a breakout and a potential trend reversal. Meanwhile, the price is expected to consolidate a little more to trigger a breakout, and hence, a drop to the support appears to be fast approaching. 

On the other hand, the CMF and RSI continue to maintain a steep descending trend, which suggests a drop in the rally strength as well as the money flow into the token. This substantiates the bearish claim of plunging to $3.25, which may erase the selling pressure and pave the way for a strong rebound followed by a healthy ascending trend. 

Sahana Vibhute

A passionate cryptocurrency and blockchain author qualified to cover every event in the crypto space. Researching minute occurrences and bringing new insights lie within the prime focus of my task.

Recent Posts

SOL Strategies Files Preliminary Base Shelf Prospectus to Raise $1B to Buy Solana

SOL Strategies Inc. (CSE: HODL), a Vancouver-based company focused on the growth and development of…

May 28, 2025

Sui (SUI) Whales Spark Sell-Off, While Ruvi AI (RUVI) Attracts Growing Investor Interest

Recent whale activity in Sui (SUI) has sent ripples through the cryptocurrency market. Large-scale sell-offs…

May 27, 2025

3 High-Value Tokens Not to Miss in Q2 as Altseason Approaches: Shiba Inu, Solana and Unilabs

Bitcoin (BTC) might be running the show after recording ATHs in May, but a decline…

May 27, 2025

Unilabs’ 30% Bonus Attracts Ethereum and Binance Coin Holders

The Binance Coin price is still holding above $600, a sign of strong investor confidence…

May 27, 2025

Crypto Regulations in El-Salvador 2025 : First Country to Use Bitcoin as Legal Tender

El Salvador made history in 2021 as the first nation to adopt Bitcoin as legal…

May 27, 2025

Why This $0.03 DeFi Altcoin Could be Trading at $5 Before Cardano (ADA)

Mutuum Finance (MUTM) is capturing attention as a standout altcoin in the bustling crypto market.…

May 27, 2025