SUI’s short-term spark has fizzled. After surging to a 24-hour high of $3.9599, SUI plunged over 6% and now trades near $3.63. Our analysis at CryptaBlocks uncovers the drivers behind this SUI price correction, the critical levels to watch, and where savvy investors should position themselves next.

1. The Rejection at $3.95: Profit-Taking Triggers Pullback

Between May 20–23, SUI enjoyed a bullish uptrend, reaching an intraday peak of $4.20. However, selling pressure emerged at $3.95, as traders booked gains. The resulting SUI price correction saw large red candles and a volume spike, signaling aggressive profit-taking.

2. Volume Confirms the Downturn

• Peak Volume Spike: A surge in trading volume at the $4.20 high and during the sell-off underscores strong market participation in the decline.
• Current Activity: With volume still elevated (~462.6 M USDT), the market remains active, suggesting the potential for further volatility until key supports are tested.

3. Critical Support & Resistance Levels

• Support Zone ($3.60–$3.65): A break below $3.60 could push SUI toward its 24-hour low of $3.5233.

• Resistance Levels:
  • Immediate: $3.80
  • Next: $3.95 (recent rejection point)

• Bullish Rebound: Holding $3.60 support may prompt a bounce back toward $3.80, reigniting momentum.

4. Sentiment: Fear vs. Opportunity

• Short-Term Weakness: A 5.62% drop over seven days highlights bearish momentum.
• Long-Term Trend: Despite the pullback, SUI is up over 20% in 30 days and nearly 6% in 90 days—a reminder that corrections can be buying opportunities.

At CryptaBlocks, we view a potential rebound from $3.60 as an optimal entry point, while a decisive break below could signal deeper downside.

Conclusion

The SUI price correction following resistance at $3.95 underscores the importance of monitoring volume and critical levels. Whether you’re safeguarding gains or hunting for entry points, understanding these dynamics is essential. CryptaBlocks analysts will continue to track SUI’s next moves to help you capitalize on emerging opportunities.