NewsBTC

2 May 2025

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SUI Price Approaches Key $4 Resistance Amid Bullish Momentum

SUI is currently trading at $3.46, holding above the 200-day moving average at $3.25. The token showed a bullish structure after rebounding from local lows in early April and is now targeting the significant resistance level at $4.

Key points include:

• SUI has demonstrated renewed investor interest and resilience amidst market volatility.
• The $4 resistance level is crucial for confirming a potential breakout.
• Analyst Kaleo indicates that SUI could soon reclaim the $4 mark, potentially leading to further upward movement.
• A decisive close above $4.20 would confirm a bullish setup, opening pathways to new highs.
• If SUI fails to break through $4 and drops below $3.20, it may test support around $2.80.

Overall, sustained buying pressure is necessary for SUI to initiate a rally in the altcoin market. Upcoming price action will be critical to assess its momentum.