Headline: SUI Rejection Hands Momentum Back to Bears — Eyes on $0.65–$0.49 Support Zone
SUI’s most recent rejection at key resistance has reignited downside momentum, leaving the token confined to a persistent downtrend. As sellers stay in the driver’s seat, traders are zeroing in on a handful of critical support levels that will likely decide whether SUI sinks further or finds a bottom.
What analysts are seeing
- More Crypto Online’s analysis suggests SUI is still working through a fifth-wave decline, keeping the bearish bias intact. While longer-term structure could ultimately be read either way, current price action favors lower levels.
- The primary support band to watch is $0.65–$0.49. That zone is seen as the likely area where a corrective wave B could finish and a meaningful low may form—provided price can stabilize there.
- A more pessimistic “white count” scenario is also being tracked: if SUI fails to hold the $0.65–$0.49 cluster, the correction would probably extend deeper.
Micro resistance and additional downside risk
- Crypto analyst MCO Global flags a recent rejection from a micro-resistance zone between $0.747 and $0.855. That move increases the probability of at least one — and possibly two — further lows before a sustainable bottom takes shape.
- Structural interpretation is complicated by distortion from October’s flash crash, but the downtrend remains the dominant narrative as long as price stays below that resistance area.
What would change the story
- The clearest technical sign of a turnaround would be a decisive breakout above $0.855. Until SUI can close and hold above that level, bearish pressure is likely to persist.
- For bulls to build a credible case after a move into the $0.65–$0.49 zone, analysts want to see a clear 5-wave advance from those supports—evidence that the corrective phase has completed and a new uptrend may be starting.
Bottom line
SUI is approaching a major support area that will be critical for its next phase. Traders should watch $0.65 and $0.49 as the primary floors, with $0.747–$0.855 as the nearer-term resistance to clear for any meaningful shift in market sentiment.
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