SUI Coin Price at a Crucial Decision Point as the Token Trades in a Narrow Range Between $3.70 and $3.85

The Sui cryptocurrency market finds itself at a crucial decision point as the SUI token trades in a narrow range between $3.70 and $3.85.

The cryptocurrency market is showing signs of recovery after a turbulent period. Among the tokens to keep an eye on is SUI, the native cryptocurrency of the Sui blockchain, which is currently trading in a tight price range between $3.70 and $3.85.

As of the latest data, SUI is priced at approximately $3.84, which represents a 1.38% increase in the last 24 hours. This modest gain follows the token finding strong support near the $3.75 level.

The recent price action follows a volatile week where SUI showed consolidation above $3.775. According to the cryptocurrency exchange FTX, significant accumulation activity occurred at $3.755, where the trading volume exceeded the 24-hour average by 45%.

While the short-term momentum appears slightly positive, the broader technical setup suggests that caution might be warranted.

Key Support and Resistance Levels

Adding complexity to the SUI market outlook is a shrinking Bollinger Band range. This is a classic sign of low volatility that often precedes explosive price moves. However, market analysts like Mohsin Rizvi note that “bulls need volume and confirmation to rally.” Without these factors, the current squeeze could lead to further downside instead of an upward breakout.

In the near term, the key Sતીवளி support levels are around $3.50 and $3.40. A decisive break below this zone could trigger panic selling, potentially pushing the SUI token toward the $3.20–$2.90 zone.

Conversely, maintaining support above $3.75 and reclaiming the $3.85 resistance level could trigger a renewed bullish phase.

A widely circulated prediction calling for SUI to reach $4.20 has sparked debate among traders. This target aligns with certain bullish chart patterns, such as an inverse head and shoulders setup.

Some market analysts like Cantieri Atom suggest that SUI could potentially surge toward $4.76 or even $5.67 if the momentum accelerates. The bullish pattern, visible on the daily timeframe, indicates that SUI might revisit its all-time high of $5.35, last reached in January 2025.

However, not all voices are bullish. Popular analyst Ali identified a completed TD Sequential nine-candle pattern on the 3-day chart, which is traditionally interpreted as a sell signal. This suggests that a short-term correction might be imminent.

On-chain data from May 16 shows that the stablecoin supply on the Sui network has exceeded $1 billion, marking a 218% increase over the past six months.

This sharp rise in liquidity highlights the growing activity in the Sui DeFi ecosystem. Stablecoins such as USDT, USDC, FDUSD, and USDY are fuelling decentralized applications and trading protocols on the Sui blockchain.

Adding to the potentially bullish outlook is the current trend in funding rates, which remain positive according to Coinglass data. This indicates that traders are predominantly taking long positions, suggesting that the broader market expects higher SUI prices ahead.

While short-term fluctuations persist, most minor dips have been quickly reversed—an indication that buying demand remains active.

Some analysts have projected even more bullish long-term targets. If SUI can maintain support above $3.00, price targets range from $5 to as high as $20 in future market cycles.

For SUI to reach these ambitious targets, it must first break through immediate resistance at $4.80 and maintain support above $3.00. These levels will play an important role in confirming a trend change and attracting new buyers.

The SUI market remains in a holding pattern, waiting for a clear signal to break free from its current range. Traders are advised to watch the key support and resistance levels closely as the next major move could be imminent.