SUI Declines 4.8% Holding Key Support as Price Consolidates Below $3.73 Resistance After Macro Triangle Retest
- SUI trades at $3.49, showing a 4.8% daily decline while holding support at the same level.
- The token consolidates between $3.49 support and $3.73 resistance, with limited movement in the 24-hour range.
- A confirmed breakout from the downtrending channel could mark the continuation of the current trend.
SUI’s price action entered a critical phase this week as the token tested important technical levels following recent volatility. The asset has been valued at $3.49, which has fallen by 4.8% in the last 24 hours. As of the market activity, SUI is still in equilibrium between its set support and the close resistance, forming a narrow trading range.
The price structure reflects a consolidation pattern that traders have been monitoring closely. Notably, a successful post-breakout retest of the broader Macro Triangle has reinforced the strength of underlying support zones.
Support Anchors Market as Tight Range Caps Price Action
At present, the support level is defined at $3.49, which coincides with the current market price. This level has remained significant after recent pullbacks.The 24 hours trading range indicates limited movement, remaining between 3.49 as the support and 3.73 as the resistance.
Price action in this compressed range suggests that short-term trading activity is largely constrained by these boundaries. The recent decline of 4.8% places additional emphasis on the importance of sustaining stability at support levels.
Breakout Structure and Channel Resistance
The broader market structure also reflects key technical milestones. The post-breakout retest of the Macro Triangle has held firm, confirming the relevance of the formation. Analysts have emphasized that the next critical step involves breaking free from the downtrending channel, marked by the light blue boundaries on the weekly chart.
A confirmed breakout above this channel would signal the continuation of the recent trend. Until that move develops, the token remains positioned within the existing corridor between $3.49 and $3.73.
Nasdaq-Listed SUI Group Holdings Update
Beyond the price chart, corporate activity has also shaped market attention. SUI Group Holdings, a Nasdaq-listed company previously operating under the name Mill City Ventures, continues to add to its treasury holdings. The company’s accumulation strategy has been noted as a factor contributing to wider discussions around the asset’s positioning in the market.
This development arrives at a time when SUI’s technical structure is consolidating, with market participants observing both support and resistance zones closely. The interaction of these elements creates a well-defined landscape for traders. On one side, the confirmation of the Macro Triangle retest highlights resilience.
On the other, the channel breakout remains a key hurdle before continuation can occur. With resistance fixed at $3.73 and support anchored at $3.49, near-term price action will remain guided by these boundaries. Market participants continue to assess whether momentum will gather strength once the channel barrier is tested again.
