SUI price consolidates at $3.20–$4.40 below moving averages
SUI price has retraced from a $4.40 high and tested support at $3.20 after slipping below its 21-day and 50-day moving averages. The altcoin is now range-bound between $3.20 and $4.40, with horizontal SMAs indicating sideways trading and resistance forming at $4.00, $4.20 and $4.40. Key demand zones lie at $2.60–$3.00, while breach of the $3.20 support could trigger a drop toward $2.29. Conversely, a sustained move above the moving averages may retest the $4.40 high. Traders should monitor SUI price relative to the $3.20 support and moving average resistance for entry and exit signals.
Bearish
With SUI price trading below both its 21-day and 50-day moving averages and stuck within a narrow range near critical support, the outlook remains bearish. A break below $3.20 could accelerate selling pressure toward $2.29, while only a sustained move above the moving averages would signal a bullish reversal. In the short term, consolidation suggests limited upside potential and heightened downside risk. Unless SUI price regains momentum above key resistance levels, bearish sentiment is likely to dominate trading decisions.