April 20th, 2025— The SUI price shows a low volatility uptick of 1% to trade at $2.12. Market uncertainty is likely to follow Bitcoin’s consolidation as the U.S.-China trade war continues to pressurize market sentiment. However, an analysis of the daily chart shows the SUI coin is at the door setup of a key breakout, signaling an opportunity for bullish reversal.
SUI Price Poised to Retest Critical Pivot Level
In the last two weeks, the SUI price bounced from $1.71 to its current trading value of $2.13, accounting for a 26.7% gain. However, the upswing lacks momentum as the ongoing U.S.-China trade war continues to keep the broader market on edge.
With today’s price jump, this cryptocurrency is just 5% short of challenging a 75-day resistance trendline. Since February 2025, the dynamic resistance has been carrying the sell-the-bounce sentiment among traders, as the previous reversals plunged the asset to a range of 26%-45%.
Thus, the potential retest stands as a pivotal moment for SUI, as a bearish reversal could signal a continuation of the prevailing downtrend, while an upswing breakout would spark an initial change in market dynamics.
If the sellers defend this resistance trendline, the SUI price could plunge another 22% to hit the bottom trendline.
On the contrary, a bullish breakout from this resistance will accelerate the bullish momentum for a renewed recovery trendline. With sustained buying, the post-breakout rally could extend 33% and target the $3 mark.
Technical Indicators:
Exponential Moving Average: A bearish alignment between the daily EMAs (20<50<100<200) indicates the path of least resistance is down, while supporting a broader bearish trend. A potential bearish crossover between the 100-and-200-day EMA slope could prolong the current downtrend.
Relative Strength Index: The formation of a fresh higher low in RSI signals renewed bullish momentum at the lower trendline, reinforcing the idea of a potential retest.
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