SUI Holds $1.30 Support as Bears Pressure Range; Break Could Send Price Toward Prior Lows
SUI price remains below key moving averages and has held the $1.30 support since Nov 21 after multiple retests. Buyers briefly pushed toward the 21-day SMA on Dec 19 but were rejected, leaving price bars under downward-sloping moving averages and producing Doji candles that signal range-bound, indecisive action. If $1.30 holds, SUI is likely to stay range-bound between about $1.30 and $1.80. A decisive break below $1.30 would likely resume selling pressure, with analysts pointing to potential targets near previous lows around $0.61–$0.56. Key supply zones are noted at $4.00, $4.20 and $4.40, while demand zones sit around $3.00, $2.80 and $2.60. This technical assessment is time-sensitive and not investment advice.
Bearish
The technical signals across both summaries point to a bearish outlook for SUI. Price trading below downward-sloping moving averages and repeated rejections at the 21-day SMA indicate persistent selling pressure. Multiple successful tests of the $1.30 support have so far held, which keeps short-term range-bound scenarios possible; however, Doji candles and lack of upward momentum reduce the probability of a sustained bullish reversal. For traders, a break below $1.30 would likely trigger further downside toward prior lows (~$0.61–$0.56) as stop-loss cascades and sellers regain control. Conversely, if $1.30 remains intact, expect low-volatility trading between $1.30 and $1.80, favoring range-trading strategies (short-term scalps at support/resistance). Overall, downside risk dominates until price convincingly moves above the 21-day SMA and other moving averages.