Sui (SUI) Price Analysis: Falling Wedge Signals Possible Reversal but Resistance Still Strong

SUI is currently trading slightly below the $3.60 level and is trying to maintain its short-term momentum. The token has been moving in a clear downtrend since it faced rejection near the $4.40 zone in July, with the price consistently forming lower highs and lower lows on the daily chart. This pattern reflects sustained bearish pressure that has limited SUI’s ability to recover. For the trend to shift, SUI needs to break out of this structure with strong momentum. Otherwise, repeated rejections could push the price toward lower support levels. Let’s take a closer look at the latest SUI price charts to understand where the price might be headed next.

Our SUI Price Prediction Summary

• SUI is struggling below $3.66 resistance, keeping its broader trend bearish despite short-term recovery attempts.
• A breakout above $3.66 with strong volume could confirm a falling wedge reversal toward the $4.00–$4.20 zone.
• Failure to break resistance may trigger another drop toward $3.20 or even lower supports, keeping caution in play.

Analyzing the Charts

SUI’s Trend Structure on the Daily Chart

Looking at the latest 1-day chart for SUI, the first noticeable point is that the bullish trend reversed in July. Since then, the price has been forming a series of lower highs and lower lows, creating what appears to be a Falling Wedge pattern. Although this pattern develops during a downtrend, it is generally considered a bullish setup. If the price manages to form a higher high and break out of this structure with strength, buyers could regain control and attempt to reverse the trend toward higher targets.

Resistance and Support Zones in Focus

The key level to watch for SUI on the 1-day timeframe is the resistance at $3.66. This resistance aligns with the upper trendline of the Falling Wedge pattern, which makes it a strong barrier. A rejection from this level would suggest that the price has formed another lower high within the trend, signaling a continuation toward lower levels and possibly a retest of the $3.20 support zone. The price barely held this level during the previous attempt, and another retest could increase the risk of a breakdown toward lower support areas. In that case, the next level to monitor would be the immediate support at $2.82, followed by the major support around $2.45.

Conversely, a successful break above $3.66 could shift the short-term outlook in favor of the bulls. If buyers manage to establish a higher high and keep the price above the wedge structure, higher targets may come into focus, with $4.20 acting as the primary upside target.

Short-Term Momentum and Market Setup

Switching to the 4-hour timeframe, the overall outlook remains similar. The key resistance to watch is still around the $3.66 level, as the price has been consolidating between this resistance and the immediate support at $3.50 over the past week. At this stage, the price could move in either direction. However, given the strength of the resistance, the current SUI price prediction leans slightly bearish. A decisive break above this level could shift momentum to the upside, and if the price moves toward the $4.00 area with increased volume, it would likely confirm a trend reversal and validate the falling wedge breakout on the 1-day chart.

Final Takeaway: What is Next for SUI?

SUI remains in a corrective phase as it struggles to break out of its downtrend structure. The price continues to face strong resistance around the $3.66 level, which has so far limited bullish attempts. Technical indicators show mixed signals, with short-term momentum trying to recover while the broader trend still leans bearish. A clear breakout above this resistance, supported by higher trading volume, could shift market sentiment and open the path toward the $4.00 and $4.20 targets.

Until that happens, traders should stay cautious, as repeated rejections could drag the price back toward the $3.20 support or even lower levels. For now, SUI is at a crucial point where the next few sessions will determine whether it can start a recovery phase or continue consolidating within its current range.