SUI Technical Analysis: Price Trend Forecast for June 8, 2025

Technical analysis of SUI on June 8, 2025, exploring resistance, support, and indicators.

As of June 8, 2025, SUI is trading around $3.30, with a slight 0.5% increase over the past 24 hours. Technical analysis indicates a short-term neutral trend, likely due to price consolidation after recent volatility. This analysis explores SUI’s resistance and support zones, key indicators, and potential price trends. **Resistance and Support Zones** SUI is currently trading near a key resistance zone between $3.47 and $3.73. This level has historically acted as a strong barrier, and breaking through it would require significant trading volume and momentum. A successful breakout could push prices toward $3.93. On the downside, key support levels are at $3.15, $2.95, and $2.75. The $3.15 level is a critical near-term support, and holding above it could prevent a deeper correction. A break below this support may lead to a decline toward $2.95. **Indicator Analysis** The Relative Strength Index (RSI) on the daily timeframe is at 55, indicating a neutral market with a slight bullish bias. This level shows neither strong bullish nor bearish momentum, suggesting the market is awaiting a price catalyst. The MACD indicator on the daily chart also shows a neutral signal, with the MACD and signal lines close together, reflecting a lack of clear direction. On the weekly timeframe, SUI is trading near the 50-day EMA, which may act as a dynamic support or resistance level. **Price Pattern Analysis** In the 4-hour timeframe, SUI is oscillating within a range between $3.15 and $3.47, currently nearing the upper bound. A valid breakout above $3.47 could trigger a bullish signal, while a break below $3.15 may lead to a decline toward $2.95. Trading volume is currently moderate, and an increase in volume could confirm the next market direction. Some analysts suggest the potential formation of an ascending triangle pattern, which could lead to a strong upward move, especially if trading volume rises. **Conclusion and Outlook** Based on current market conditions, SUI is in a short-term neutral phase, with its next move depending on a breakout above $3.47 or below $3.15. Traders should monitor price reactions at these levels and changes in trading volume. In the long term, fundamentals such as SUI’s network advancements, growing adoption in the blockchain ecosystem, and developer activity could support a bullish trend, but the short-term market requires a stronger catalyst. **Key Considerations for Traders** Short-term traders may consider entering long positions on a breakout above $3.47 or short positions on a break below $3.15, with appropriate stop-losses. For long-term investors, holding the $2.95 support is crucial for sustaining a bullish outlook. Monitoring indicators and trading volume is essential at this stage.