SUI is at a crucial turning point, with bulls eyeing a breakout to $10. However, holding a key support range is essential for this move.
The cryptocurrency has shown short-term recovery signs, but the broader market structure remains uncertain. Analysts point to critical price levels that must hold for bullish momentum to continue. If support fails, a deeper correction could be in play.
What you'll learn 👉
Key SUI Price Levels to Watch
Crypto analyst Crypto Patel highlighted SUI’s $2.50-$2.00 range as a critical demand zone. He noted that price action suggests a strong bounce from this area, making it a potential re-accumulation point. If buyers defend this zone, a rally toward higher resistance levels is possible.
$SUI Technical Update
— Crypto Patel (@CryptoPatel) March 5, 2025
▪️ Key support zone: $2.50-$2 – Holding this level is crucial for a potential breakout toward $10.
▪️ PA suggests a strong bounce from this demand zone, making it a strategic re-accumulation area for high-R:R setups.#SUI #Altcoins pic.twitter.com/w1KLxfWJ05
Resistance stands at $3.00-$3.20, a level where SUI faced rejection in previous attempts. A successful breakout above this zone could open the path toward $5.00 and, ultimately, $10.06. Patel’s technical chart highlights these price levels as key areas to watch for a bullish continuation.
The chart analysis suggests two potential scenarios. The bullish case relies on SUI maintaining support at $2.50. If this happens, a breakout above $3.20 could trigger a strong move toward $10. The presence of a Fair Value Gap (FVG) around $3.50 indicates a liquidity zone where price acceleration may occur if buying pressure increases.
On the bearish side, failure to hold the $2.00 support could lead to a drop toward $1.42. Further declines may push SUI to lower supports at $0.99 and $0.79. The worst-case scenario, according to the chart, suggests a downside target of $1.70 if sellers gain control.
Read also: How High Can Kaspa (KAS) Price Go in March?
Volume & SUI Market Structure
Trading volume remains a key factor in confirming SUI’s next move. High volume near support levels signals strong buyer interest. The current price action suggests a high-reward risk re-accumulation zone, making it a critical point for traders to make strategic decisions.
SUI recently gained 7.95% in 24 hours, to about $2.61 at press time, rebounding from weekly losses of 13.61%, according to CoinGecko. Despite the short-term recovery, market sentiment remains divided, with traders watching for confirmation of the next major move.
SUI’s price action hinges on the $2.50-$2.00 support range. A bullish surge toward $5.00–$10.00 might occur if it holds. A collapse below this level, though, might render the bullish setup erroneous and allow for additional drops. Traders remain on high alert as SUI tests this critical decision zone.
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