SUI Stuck in Neutral: Will It Break Out or Fall Back?
SUI has been quietly trading near $1.18 after a remarkable 66% monthly gain, sitting between two key levels that will determine its next move.
Despite the impressive run, which has seen it surge 15.4% in just this week alone, SUI's price action has stalled, grinding sideways within a tight band of $1.0965 to $1.2043 over the past 24 hours.
This pause is unusual given the magnitude of its recent growth, with many traders expecting a blowoff top or sharp correction by now.
However, with SUI still trading above its 10-day low and within its recent range, some analysts suggest that it could yet push higher.
The crucial levels to watch are $1.1887 and $1.1325, with a close above the former opening up a run at $1.2913 and then $1.2969, while a close below the latter opens up a move down to $1.0965 and then $1.0813.
Bitcoin's trend remains bullish, trading near $84,286 and well above its rising 100-day average, which could lend support to SUI's upside trigger.