Crypto investors are feeling the heat lately. The market’s taken a nosedive, with popular digital assets getting hammered across the board. SUI has been caught in the crossfire, shedding value alongside its peers.
But here’s the thing – seasoned analysts aren’t hitting the panic button just yet. While the current pullback stings, they see it as a typical market correction rather than a death knell. The underlying fundamentals that initially drove excitement about these assets are still believed to be solid.
What you'll learn 👉
SUI Holds Key Support Despite Market Decline
SUI is trading at $2.35 after a major drop, mirroring the broader market’s downturn.
InvestingHaven noted that SUI’s projected downside target has been reached, emphasizing that its rising trendline remains a critical support level. If this level holds, it signals a continuation toward higher price targets in 2025. The analysis highlights that bulls are actively defending the trendline, a structure that has been in place since mid-2024.
2025 $SUI Bullish Case Still Strong
— InvestingHaven (@InvestingHaven) March 4, 2025
SUI’s projected downside target has been met.
The rising trendline remains a key support level.
Holding here signals a continuation toward 2025 upside targets.
Watching for #SUI confirmation. pic.twitter.com/yznimRgHMW
A crucial support zone between $1.90 and $2.30 has emerged, marked as a strong demand area. Analysts stress that maintaining this range is essential for SUI’s bullish case. If the price stabilizes, a move toward $4.40 and higher could be in play.
InvestingHaven’s chart analysis underscores that despite high selling pressure, SUI’s long-term trend remains bullish. Volume indicators suggest that sellers have dominated, but a potential reversal zone is forming. Confirmation of an upward move would require a strong daily close above the trendline, accompanied by rising buying volume.
The bullish scenario hinges on SUI holding the $2.00 – $2.30 range. If it does, the next key resistance is at $3.50, with further targets between $4.40 and $8.80. Conversely, if the price falls below $2.00 and fails to reclaim the trendline, a decline toward $1.50 could follow. This would shift market momentum toward extended consolidation or further downside.
Read also: XRP Price Prediction as Ripple Whales Go on a Buying Frenzy
Analysts Maintain Long-Term Bullish Outlook
Despite short-term volatility, crypto analysts remain optimistic. Angelo.sui noted that market fluctuations primarily impact those who are overexposed or emotionally driven.
He pointed out that SUI has gained 400% from its bottom, suggesting that long-term prospects remain positive. Investors are encouraged to zoom out and consider historical price movements rather than reacting to short-term dips.
Short term can only scare you if:
— Angelo.sui (@angelodotsui) March 3, 2025
– You’re overexposed
– You don’t have control over your emotions
Sometimes, all it takes is zooming out and realizing what has happened in the past$SUI is up 400% from its bottom
Long term looks bright pic.twitter.com/G0z1hPUgIv
Traders are keeping an eye out for confirmation of a bullish continuation as SUI is at a make-or-break level. The upward trajectory might be confirmed by a strong bounce off the trendline, but more falls could be triggered by a breakdown below $2.00.
InvestingHaven suggests closely monitoring price action in the coming days, with emphasis on volume and daily closes. SUI’s long-term bullish case remains intact as long as key support holds.
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