Sui price has been down 20% in the last 4 weeks. However, there are conditions for the next short-term leg up based on insights from Coinpedia Markets.
According to their recent tweet, SUI is up 8% today and currently trading around $3.25. The key thing to watch is whether the price can hold above the $3 level. This zone is acting as a short-term support and could be the base for a new push upward if bulls keep control.
What you'll learn 👉
Holding $3 Could Be a Turning Point
The $3 mark has become a clear line in the sand. If SUI stays above this support, analysts at Coinpedia believe the price could rise toward $3.42, which is the next resistance on the chart. If that level is cleared with strong momentum, then SUI could even make a run toward the $3.75 region, which acted as a local top just a few days ago.
Looking at the RSI, it is currently at 57, which still gives room for growth before reaching overbought levels. This suggests buyers still have space to push prices higher without facing strong selling pressure. The MACD histogram also remains green and positive, meaning momentum is still favoring the bulls at this stage.
Chart Structure Shows Possible Breakout Path
From the chart, the structure is forming a potential continuation pattern where a break above the $3.42 level could lead to a fast move toward $3.75. If that happens, it would signal strong buyer interest and might open the door to even higher levels.
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For now, holding $3 is the key. If that support breaks, the setup could quickly flip bearish again. But if SUI price continues to find strength above $3, then this could be the beginning of the next short-term leg higher.
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