- Lennaert Snyder identifies $2.86–$3.08 as a strong defense zone while watching lower timeframe reversals.
- Analyst Ali views $3.00 as a strategic entry level targeting a potential rebound toward $3.80.
- Resistance bands at $3.37 and $3.90 form a tight trading range, limiting upside without clear breakout.
SUI price has compressed into a narrow decision range after sliding from its December 2024 peak near $5.60. The latest structure places the asset directly above the $3.00–$3.10 region, which has consistently acted as a high volume demand base across recent pullbacks.
According to Lennaert Snyder, this band between $2.86 and $3.08 represents a “very important and strong support zone,” adding that a temporary liquidity wick beneath remains possible if broader conditions cool. However, he confirmed monitoring the 4 hour and daily timeframes for any reversal to re-enter long exposure.
Immediate Support Levels
Notably, price action shows buyers defending the gray accumulation range layered just beneath the current reaction point. This area overlaps closely with Snyder’s defined support band and aligns with the deeper $2.70–$2.90 safety noted in earlier assessments.
That zone has previously absorbed extended drawdowns and functions as a secondary checkpoint if $3.00 fails to hold during volatility. However, short term traders are not waiting for deeper confirmation.
Analyst Ali indicated a similar stance, stating that “$3 looks like a prime buy-the-dip zone for $SUI before a bounce to $3.80 and beyond,” supporting expectations of renewed interest if price maintains strength here.
Compressed Risk
The upside path remains visible yet crowded. A near-term ceiling stands at approximately $3.37, marked repeatedly as a pivot area where upside attempts stalled. Clearing that range opens the door toward the heavier $3.89–$4.00 resistance block, which rejected advances multiple times throughout past rebounds.
This layered resistance structure creates a compressed risk-to-reward pocket between $3.00 and $3.90. Traders now weigh immediate bounce potential against the probability of further downside. Each reaction level above carries historical relevance, enabling clearer invalidation points for both conservative and aggressive positioning.
Next Market Phase
Movement from this region decides the tone of the next leg. A stable defense of $3.00 could reestablish upward momentum toward the previously rejected resistance stack. However, any decisive drop through that floor likely redirects attention toward the $2.70–$2.90 demand block, where prior capitulation events have reversed. Until either boundary breaks with conviction, SUI remains in a tightly coiled range with both sides prepared.
