SUI Price Faces $3.17 Support After Another $4 Resistance Rejection

SUI failed to break the $4 barrier, and the next support level is now seen at $3.17.

Fibonacci projections outline potential upside levels with targets placed at $4.93, $5.47, $6.16, and $6.90.

Traders highlight that holding $3.17 could keep the bullish path alive despite resistance staying firm at $4.

The SUI price failed to break above the $4 level, making $3.17 the next key support zone for traders to watch. Market analysis highlights Fibonacci retracement levels and a possible extension path toward $6.90 if momentum strengthens.

Struggle Near Resistance Levels

SUI has tested the $4 resistance multiple times without success. Each attempt has faced rejection, signaling caution among traders. The price is currently at $3.748, marking a 1.11% gain in the latest session.

The chart reveals a rising trendline extending from April, supporting SUI despite short-term weakness. Analysts consider $3.17 a critical level. A failure to hold this point could trigger a deeper retracement.

Key Fibonacci zones reinforce this outlook. The 0.786 retracement level sits at $3.62, while the 0.618 retracement aligns directly with the $3.17 support. If these levels break, momentum could reverse. However, maintaining these points strengthens the bullish outlook.

Market behavior around these levels will determine whether consolidation continues or a breakout attempt resumes. The next sessions are expected to be pivotal for direction.

Breakout Scenarios Ahead

The bullish case projects significant upside once the $4 barrier is cleared. The first major target lies at $4.93, a level consistent with prior swing highs. Sustained momentum could then extend to $5.47 and $6.16.

Longer-term extensions highlight $6.90, positioned at the 1.618 Fibonacci projection. Analysts suggest that reaching this target would confirm a multi-stage rally.

The chart illustrates a dotted path that reflects alternating volatility and advances. This suggests that the road higher may not be linear but remains achievable. Traders expect pullbacks along the way, yet the structure favors gradual accumulation.

Community responses capture a divided view. Some traders highlight the importance of adding SUI to their watchlists, citing bullish setups. Others express concern about insufficient market conviction. A few even embrace contrarian strategies, suggesting gains often follow periods of doubt.

This debate mirrors the current technical setup, where both risks and opportunities remain visible. The trendline support continues to act as a safety net for bulls while resistance limits immediate breakout potential.

Community Reactions and Key Question

The conversation around SUI reflects both optimism and caution. Traders on social platforms engage in detailed debates about the potential move beyond $4. Some stress patience, while others warn against ignoring bearish risks.

The market remains in a delicate position. Volume and conviction are necessary for sustaining a move higher, yet structural support reinforces the bullish framework. For now, all eyes remain on the $3.17 support and $4 resistance.

The key question now arises: can SUI transform the $4 barrier into a springboard toward $6.90, or will $3.17 support collapse?

As trading develops, this battle between buyers and sellers will shape the short-term future of SUI and determine its broader role in the market.