The SUI price has been influenced by an ascending support level, which transformed into a resistance line recently. Since October, this trendline has been crucial as SUI prices consistently rebounded off it, fostering bullish sentiments.
This support level turned resistance in late January 2025, when SUI fell below the boundary, testing around $4.00. The current price movements prompt speculation on whether a breakout could elevate SUI prices past the $6 mark.
Source: www.thecoinrepublic.com ↗