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SUI has been moving sideways after a sharp drop, and right now it feels like the market is holding its breath. 

The SUI price is stuck around the $1.60 area, a level that traders are watching very closely. Buyers have stepped in here multiple times, and so far, they’re keeping SUI from slipping lower.

The bigger trend still isn’t bullish, but the way the price is behaving now looks more like consolidation than panic selling. That usually means a larger move is coming, one way or the other.

On the 1-hour chart, the SUI price keeps tapping the $1.51–$1.53 zone and bouncing back up. 

According to MasterofCrypto, this is exactly where a fakeout-and-bounce setup can form. That’s when price briefly dips below support, shakes out weak hands, and then quickly reclaims the level.

If that kind of move plays out, it often catches sellers off guard and fuels a stronger bounce. That’s why this support matters so much right now. A quick reclaim after a small breakdown would change the short-term structure in favor of buyers.

Looking at the 3-day chart, the SUI price is still far from its old highs. The drawdown from the all-time high remains deep, sitting near the 70% mark, even though it’s no longer getting worse. That tells us selling pressure has cooled, but the market hasn’t fully reset yet.

There’s also a clear ceiling overhead. The $1.75–$1.78 area has rejected the price before, and CryptoRand points out that SUI needs a clean break above $1.75 to confirm a real bullish reversal. Until that happens, any upside move is likely to run into sellers.

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Momentum indicators are starting to look less bearish. RSI on the higher timeframes has stopped pushing lower and is beginning to stabilize, which often happens before a trend shift. Still, stabilization alone doesn’t mean much unless price follows through. 

Right now, the SUI price is trapped between solid support below and strong resistance above. That kind of compression usually leads to volatility, which is why traders are paying close attention here.

Everything hinges on how the SUI price behaves around $1.51. If price dips slightly below it and then snaps back quickly, the fakeout-and-bounce scenario becomes much more convincing. In that case, a move toward the $1.70–$1.78 range starts to make sense.

But if $1.51 gives way cleanly, SUI could see another push lower before any real recovery begins. For now, the market is undecided. SUI isn’t breaking down, but it’s not breaking out either. The next move should make the direction much clearer.

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The post SUI Price Tests a Key Level as Traders Watch for a Fakeout appeared first on CaptainAltcoin.

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