- SUI trades near $4.78 as Robinhood listing boosts access but traders watch $3.30 support that could decide the next big move.
- After sharp rallies and deep pullbacks SUI now consolidates between $3.30 and $5.40 showing a balance of risks and opportunities.
- Analysts warn losing $3.30 support could send SUI toward $2.40 while holding above it may confirm breakout strength and recovery.
The SUI token is testing its breakout strength after weeks of volatile moves across major exchanges. Analysts have highlighted that SUI remains in a crucial post-breakout retest phase as it trades near $4.78.
The token recently secured a Robinhood listing, which has opened wider access for U.S. investors. This listing adds more liquidity and exposure, but traders remain cautious about confirmation of the breakout. Besides, SUI continues to show cyclical movements that reflect both bullish impulses and corrective pullbacks.
Breakout and Market Trends
Rekt Capital noted that SUI broke out from its Macro Triangle and now faces a critical retest stage. October and November 2024 showed strong gains as prices pushed toward $2.00 resistance.
Source: Rekt Capital
However, December delivered explosive upside, with SUI climbing above $5.00 for the first time. The new highs brought optimism but also sparked sharp volatility. January and February displayed mixed signals as candles alternated between green and red.
Consequently, March through May recorded a heavy correction, with prices falling toward $2.30 support. The market tested investor patience as red candles dominated these months.
However, June and July signaled partial recovery, holding prices near $3.40. August confirmed consolidation, with trading ranges forming between critical support and resistance levels. Moreover, the descending trendline still challenges upward momentum, despite clear horizontal supports visible across the chart.
Support Zones and Future Outlook
Analyst Popeye emphasized the importance of the $3.30 support, which SUI has tested multiple times. Losing this level could trigger quick drops toward $2.40. The 12-hour perpetual contract chart also highlights resistance at $4.20 and $5.40, which remain key reversal points. Additionally, Fibonacci retracements and volume analysis suggest consolidation will persist unless fresh momentum emerges.
Source: Popeye
Hence, SUI now trades between critical zones, balancing bullish hopes and bearish risks. The Robinhood listing offers strong exposure, yet price action shows hesitation. Moreover, traders must watch support levels closely because breakdowns could fuel sharper declines.
Consequently, the next weeks will determine whether SUI confirms its breakout or slips back into extended consolidation. Investors remain cautious, yet opportunity remains visible for those tracking the charts carefully.
