SUI Battles Key Technical Resistance Around $4 Will Bulls Break?SUI is trading at a major resistance zone near $4, showing signs of potential rejection at a multi-confluence level. A failure to break above may trigger a pullback to $2.70.
SUI is currently testing a significant technical resistance area around the $4 mark. This region aligns with multiple confluences: the 0.618 Fibonacci retracement, a newly formed daily support/resistance (SR) level, an internal daily SR, and a key monthly SR level. These overlapping indicators make it a powerful resistance zone and explain the recent hesitation in bullish momentum.
Price has begun to stall at this zone, suggesting that sellers are stepping in. If SUI confirms a rejection at this level with lower closes in the coming sessions, a move toward lower support levels becomes likely. The $2.70 mark stands out as the next high-probability demand zone—it captures internal daily SR and would act as a healthy higher low in the macro structure.
Despite the potential pullback, a correction to $2.70 would be seen as bullish selling, offering a possible re-entry point for a longer-term upside move. Until then, all eyes remain on whether SUI can push through $4 with conviction or rotate lower to reset momentum.
