- SUI is trading at $3.56 with support and resistance being $3.47 and $3.57, respectively, and creating a narrow trading band.
- According to chart projections, the short-term resistance could be broken with upside targets of $5.36.
- Long term projections point to possible actions towards $10, and, perhaps, to $20-30 in the next cycle.
Sui (SUI) is consolidating at a significant price level after holding firm support while gradually pushing against the resistance. The token was trading at present, at $3.56 with a low 0.2% growth over the past 24 hours. The various market indicators indicate that the price is in a strong range at $3.57 which is the short-term resistance and at $3.47 where it has support. This consolidation is viewed as observers track the next probable step that will determine mid-term orientation.
Sui Price Consolidates Within a Narrow Range
Sui is still trading above the $3.47 support level that has been a major level of foundation by buyers. Remarkably, the market has tried to re-test this level numerous times, and in every such instance, it proved that it is of importance.
This zone may give the requisite momentum towards subsequent upward thrusts especially since the trading range is narrow. However, the small gap between support and resistance highlights the possibility of sharp swings if either side breaks. On the upside, resistance at $3.57 currently caps gains, limiting any immediate push higher.
Price action shows repeated testing of this level, which suggests growing pressure in the short term. If broken, the next phase of accumulation could unfold, potentially opening the way to larger targets. Observers point to a potential move toward the $5.36 level, which aligns with historical resistance seen in previous rallies. Until then, the market remains contained between these closer boundaries.
Chart Projections Point to Higher Long-Term Targets
Beyond the near-term range, chart projections highlight targets extending far above the current price. Forecasts outline a $10 objective during a bull cycle, with longer-term estimates ranging between $20 and $30 during the next alt season.
These targets would require sustained momentum and broader liquidity inflows. For now, the market closely watches how the price behaves within the re-accumulation zone. Strong support retention remains the crucial factor before any higher levels come into play.
