SUI Battles Resistance Near $4.12 as Momentum Cools but Bulls Hold Ground

SUI Battles Resistance Near $4.12 as Momentum Cools but Bulls Hold Ground

Market Overview:
SUI, the native token of the Sui blockchain, is currently facing strong resistance near the $4.12 level after a recent uptrend. Despite a slight cooling in bullish momentum, buyers remain active, defending key support zones and preventing a deeper pullback.

Key Technical Levels

1. Resistance: $4.12 (Recent High)
   A decisive break above this level could open the door for a rally toward $4.50–$4.80.
2. Support: $3.80–$3.60 (ShortTerm Demand Zone)
   Bulls are defending this area, with $3.60 acting as a critical level to hold for continuation.

3. Stronger Support: $3.40 (200Day EMA & Psychological Level)
   A drop below $3.60 could test this zone, where longterm buyers may step in.

   Price Action & Momentum Analysis
   Recent Trend: SUI has been in an uptrend since bouncing from the $3.40 support, but momentum has slowed near $4.12.
   RSI (4H): Currently around 55, indicating neutral conditions with room for upward movement if buying pressure resumes.
   MACD (Daily): Shows a slight bearish crossover, suggesting shortterm consolidation before the next directional move.
   Volume: Declining volume near resistance suggests hesitation among buyers, but no strong selloff yet.

   Bullish & Bearish Scenarios
   ✅ Bullish Case:
   If SUI breaks and holds above $4.12, the next targets are $4.50 and $4.80.
   Sustained buying above $3.80 could signal accumulation before another push.

❌ Bearish Case:
A rejection at $4.12 followed by a drop below $3.60 could trigger a deeper correction toward $3.40.
Increased selling pressure below $3.40 may shift sentiment to bearish, targeting $3.00.

OnChain & Sentiment Insights
Exchange Netflow: Minor outflows observed, suggesting some accumulation at lower levels.
Open Interest (OI): Futures OI remains stable, indicating no major liquidation events yet.
Social Sentiment: Positive discussions around Sui’s ecosystem growth (DeFi, NFTs) could support midterm bullishness.

Conclusion & Strategy
ShortTerm: Watch for a breakout above $4.12 or a rejection leading to a retest of $3.60–$3.80.
MediumTerm: Holding above $3.40 keeps the uptrend intact; a break below may require reassessment.
Trading Approach:
Aggressive Bulls: Consider longs above $4.12 with a target of $4.50–$4.80.
Cautious Traders: Wait for a confirmed bounce from $3.60 or a breakout with volume confirmation.

Final Thought: While momentum has slowed, SUI’s structure remains bullish as long as $3.60 holds. A breakout above $4.12 could reignite upward momentum, but traders should monitor volume and broader market conditions for confirmation.

(Disclaimer: This analysis is for informational purposes only and not financial advice. Always conduct your own research before trading.)

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