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SUI Pullback Holds Key Zone as $4.00 Breakout Remains on the Table

SUI Pullback Holds Key Zone as $4.00 Breakout Remains on the Table

CryptonewslandCryptonewsland2025/05/02 07:11
By:by Yusuf Islam
  • SUI is trading at $3.42 with a strong breakout move of over 95 percent.
  • The pullback is resting on a clear support level marked on the chart.
  • A move to $4.00 is expected if buyers keep control near this price zone.

SUI is trading at $3.424 after a breakout surge of +95.45%, holding firm above key support and eyeing the next resistance near $4.00. The asset has gained strong traction in recent sessions, with bulls stepping in to defend the current level. A technical setup suggests a potential continuation if price stability is maintained.

SUI Pullback Holds Key Zone as $4.00 Breakout Remains on the Table image 0 SUI Pullback Holds Key Zone as $4.00 Breakout Remains on the Table image 1 Source: X

The recent rally saw SUI reclaim previous resistance zones, now turned support, providing a firm foundation for the current price structure. This move follows a steep drop earlier in 2025, which had placed SUI below $2.00. Since then, the asset has steadily regained strength with increasing volume.

A technical chart from First1Bitcoin identifies three main support zones, with $3.42 acting as the immediate level of interest. If price remains above this level, a push toward $4.00 remains likely. Bulls will need to maintain control of this zone to avoid losing momentum.

Breakout Structure Points to Continued Strength

SUI broke out of a prolonged downtrend after weeks of accumulation within a tight range. The breakout occurred with a sharp move upward, triggering a +95% gain and re-establishing bullish control. This rise brought the price above the $3.00 mark and close to a previous range high.

A series of support blocks have now been identified as reference zones in case of a pullback. The most recent price action shows SUI retesting the $3.42 level, which previously served as resistance. It now plays a critical role as the base of the potential next leg upward.

Chart projections suggest that if this support zone holds, the next target remains at or near $4.00. That zone is marked as the upper barrier of the current setup. A clean break above it may lead to extended movement depending on volume and broader sentiment.

Support levels near $2.50 and $1.60 also remain visible, but are currently far from play unless the market shifts dramatically. Current trading interest remains centered around the $3.00 to $4.00 corridor. Traders are using this structure to plan short-term decisions based on momentum and historical resistance zones.

Can Buyers Sustain Control Above Key Support?

The central question now is whether bulls can retain strength above the $3.42 price point. This level has formed after the strong breakout and now acts as the immediate defense line for buyers. Loss of this level could result in a retracement toward lower supports.

The $3.42 mark has also seen increased trading volume, indicating it is being watched by active participants. If buyers continue to protect this zone, upward movement remains on track toward the $4.00 resistance. Momentum continuation depends on price stability above this mark.

Market structure remains constructive with no clear signs of weakness in the short term. A potential bullish continuation depends on further confirmations from price action. With the $4.00 level now clearly mapped as the next ceiling, traders remain alert to upcoming moves.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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