SUI Holds $2.40 Support While Facing Repeated Resistance Tests at $2.86

• SUI trades in a tight range, holding $2.40 support but unable to break $2.86 resistance.
• Lower highs and weak volume show hesitation, with sellers pressuring resistance levels.
• Buyers accumulate near $2.00–$2.26, though sentiment stays cautious without a breakout.

SUI continues to trade within a narrow channel against USDT, holding support around $2.40 while facing firm resistance near $2.86. Price action reflects slow accumulation efforts as market participants await a decisive breakout or breakdown from this tight range.

Analyst insights highlight bearish momentum and strong resistance levels ahead

A closer look at SUI price structures highlights sustained bearish momentum from early 2024, gradually transitioning into consolidation. Recent movements show repeated tests of the $2.00–$2.26 zone without breakdowns, suggesting underlying buying pressure. However, failure to surpass $2.86 keeps upside potential limited and market sentiment cautious.

Tracking market behavior, insights from market analyst King Crypto highlight the significance of the pink accumulation zone identified last year. He highlighted that price of sui are holding within the ascending channel, but without a strong move toward $2.80, a return to this accumulation box remains possible. According to him, the $2.40 support level has become critical for short-term price stability.

Source: King Crypto

Observing price action, the assessment from King Crypto revealed a consistent pattern of lower highs and lower lows from February through mid-March. His findings revealed that repeated rejections at the $2.86 point point to continued bearish control. He added that until buyers clear this immediate resistance, the market remains under pressure.

Examining trading volume fluctuations, King Crypto pointed out diminishing buyer activity alongside weak bullish candles. According to him, the lack of strong bullish volume suggests hesitation, with sellers maintaining dominance. His data suggests that only increased liquidity inflows could break the current impasse.

Market data analysis shows consolidation patterns and psychological resistance zones

Similarly, TradingView data confirms steady SUI price movement between $2.00 and $2.86. Daily volume reached 18.06 million in the last session, indicating solid activity but not yet breakout momentum. MACD indicators show a mild bullish crossover but with ongoing caution.

Source: TradingView

By comparison, price activity shows small-bodied candles across recent sessions, reflecting cautious trading sentiment. The RSI currently reads 50.82, reinforcing neutral momentum without overbought conditions. Slow recovery from mid-March lows aligns with continued consolidation.

Supporting this outlook, TradingView reveals price closing at $2.5470 after a daily gain of 3.65 percent. Resistance remains intact below the psychological three-dollar mark, capping bullish progress. The two-dollar to two point twenty-six support zone continues to hold, reinforcing slow but steady buyer accumulation.

Source