Journalist
Posted: February 19, 2025
- SUI ($3.41)’s price action on the daily chart showed the $3 support was a must-defend zone.
- The steady losses in recent weeks and a lack of bullish conviction could see prices fall to $2.43.
Sui [SUI] was retesting the psychological $3 support level once again. It had previously tested this level as support a week ago, before bouncing nearly 20% to reach the $3.6 supply zone.
Such a bounce might not repeat itself immediately, given the state of the rest of the market.