SUI price is starting to show signs of life again, and traders are paying interest. The token is now testing the $3.00 resistance level, which has been a tough zone to crack for several weeks.
A recent SUI chart shared by CryptoRand on X(Formerly Twitter) shows a bullish setup forming, with price pushing right up against this key level. If it breaks through, it could signal a bigger shift in momentum.
As of July 8, SUI price is trading just under $3.00. The structure on the 3-day chart looks like it’s gearing up for a move. Traders are watching closely to see if this breakout sticks.
What you'll learn 👉
SUI Shows Signs Its Downtrend Might Be Ending
SUI has been in a downtrend since the beginning of the year, after falling from over $5.50 in December 2024 to under $2.30 by March 2025.
The SUI chart shows a descending channel with lower highs and lower lows, typical of bearish pressure. But that started to change in early May.
SUI price bounced hard off the $2.20–$2.30 support zone. That area has now held twice, suggesting it’s a solid base. This was the first real sign of buyers stepping back in.
SUI Testing But Failing to Clear $3.00 Resistance
For the past few weeks, SUI has been trying to push through $3.00, but so far, no success. The latest candles show some selling pressure, with upper wicks forming.
Still, there’s a steady pattern of higher lows, which means buyers are staying active. If SUI price can close above $3.00 on the 3-day chart, it opens up space to run toward $3.50 and maybe even $3.90 to $4.00. These are previous areas of interest that could come back into play.
SUI Price: Key Support Zones to Keep an Eye On
If the breakout doesn’t happen right away, support levels to watch are $2.55 and $2.30. Both zones have held up well in the past and could catch the price again if needed.
SUI price has already broken out of its short-term downtrend line, which is an early bullish sign. Now, the big question is whether buyers have enough strength to flip $3.00 into support and kick off a larger move.
Read Also: Why SUI Price May Not Outperform Solana This Cycle, Despite the Hype
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