SUI, a rising altcoin on many watchlists, is showing signs of strength as it rebounds off a key support zone. According to crypto analyst Michaël van de Poppe, all eyes are now on the critical $3 resistance level, which could determine the token’s short-term fate.
Bounce From Support Ignites Bullish Speculation
SUI’s recent price action has caught the attention of technical traders. After weeks of downward consolidation, the token has bounced from a historical support area that previously triggered bullish moves.
Van de Poppe noted:
“Strong support zone hit. Should be holding up on these levels.”
If this zone continues to hold, SUI could build enough momentum to challenge the $3 barrier, which marks a significant resistance level in its current range.
$3 Is the Breakout Level to Watch
A move above $3 could trigger a bullish reversal, possibly leading to short liquidations. Traders who bet against SUI may be forced to cover their positions, pushing the price up rapidly—potentially to $4.
“If buyers manage to flip $3 into support, $4 becomes the logical next target,” van de Poppe added.
This breakout scenario hinges on increased volume and a decisive close above $3—an area where many traders are positioned either to enter or exit depending on the outcome.
Volume Builds as Traders Wait
While the breakout hasn’t occurred yet, there’s evidence of rising trading volume around the current range. Market participants are watching closely, and many expect volatility to spike in the coming sessions.
- $3 remains the psychological and technical resistance.
- A rejection at this level could send SUI back to retest support near $2.50.
- A clean breakout could flip the trend and build strong upside momentum.
Will SUI Break Out or Stall?
SUI is now in a crucial technical setup, hovering near the edge of a potential breakout. The token has shown resilience at support and is testing the patience of traders around the $3 resistance.
If the bulls push through, SUI could rally toward $4 quickly, fueled by technical momentum and short liquidations. But until that breakout is confirmed, the market remains in a wait-and-see mode.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.