SUI Price Predictions for This Week

SUI momentum appears to stall at this time after skyrocketing by double digits last week.

Key Support levels: $3.2, $3

Key Resistance levels: $3.4, $4.1

1. Buyers Face Key Resistance

After an impressive rally, SUI made a local top of around $3.9. Since then, the price entered a correction which sent it under the key resistance at $3.4. This level used to act as support, but over the weekend, SUI lost it and turned into a resistance.

Chart by TradingView## 2. Short-Term Pullback

In late April, SUI almost doubled in less than a week. This made a pullback likely in May, which has transpired in the past few days with a 7% drop. This corrective move may last for some time, considering the recent pump. SUI has key support at $3.2 and $3, where buyers could put a stop to the downtrend and retake the initiative.

Chart by TradingView## 3. Volume Makes Higher Highs

The good news, despite the current price action, is that SUI’s volume is making higher highs. This is bullish, and there is a good chance this cryptocurrency may go higher after this pullback is over. If so, SUI will aim to reclaim $3.4 as support and then target $3.9 and $4.1 next.

Chart by TradingView