The SUI token has shown remarkable volatility in early 2025, with recent technical analysis suggesting a potential significant downturn ahead. Crypto analyst Ali Martinez has identified a concerning head-and-shoulders pattern that could signal a drop to $1.60.
Current Market Status
SUI currently trades at $3.40, marking a 5% decline in 24 hours. The token hit an all-time high of $5.35 on January 4, 2025. Despite a 10.6% weekly gain, technical indicators suggest bearish pressure.
Technical Analysis Deep Dive
The head-and-shoulders pattern on SUI’s 12-hour chart presents a clear bearish setup. The pattern shows:
- A neckline around $3.00
- Critical resistance at $3.70
- Potential 50% downside if support breaks
Market Implications
A break below $3.00 could trigger a cascade of selling. Traders should watch these key levels:
- Primary support: $3.00
- Secondary support: $2.73
- Bearish target: $1.60
Bullish Scenario
The bearish outlook could reverse if SUI breaks above $3.70. This would invalidate the head-and-shoulders pattern. Traders should monitor volume for confirmation of any breakout.
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Market Context
The broader crypto market faces uncertainty due to new U.S. trade policies. SUI’s performance aligns with general market sentiment. Investors should maintain strict risk management.
Source: NewsBTC
Tags: #SUI #CryptoAnalysis #TechnicalAnalysis #CryptoTrading #MarketAnalysis