SUI, a promising cryptocurrency, has been facing a challenging period marked by a correction phase that began in May 2025. Since then, the price has struggled to break free from downward pressure, especially visible in shorter timeframes. Despite a few brief recovery attempts, the market has yet to show a convincing rally that would signal a sustained upward trend.

Current Market Situation

The price of SUI has recently pulled back from its highs seen earlier in May. Analysts examining the chart patterns believe this correction is still ongoing and may require the price to drop a bit more before a solid recovery can take place. Over the past weeks, the token has demonstrated a steady decline, testing critical support levels multiple times.

One key support area around $3.05 was recently tested. This level acts as an important safety net for bulls, and if SUI fails to hold above this price, the next significant support lies near $2.79. A fall below $3.05 could trigger a sharper drop, potentially putting the token at risk of further losses. Market sentiment currently leans toward the possibility of one more dip before buyers step back in.

Resistance Levels and Bullish Triggers

On the upside, traders and analysts are closely watching the $3.38 resistance level. This price mark is crucial because breaking above it could mark the beginning of a bullish turnaround. Currently, SUI is trading below this resistance, struggling to gain enough buying momentum to break through decisively.

According to market experts, if SUI manages to breach this resistance and hold above it after a retest, the outlook could shift dramatically. This type of breakout and retest pattern often precedes strong rallies in cryptocurrency markets. Breaking and holding above $3.38 would indicate that buyers are gaining control, possibly triggering a renewed interest and confidence in the token.

Consolidation and Market Structure

One analyst noted that SUI might be in a phase of bullish consolidation despite the bearish short-term price action. This means that while the market looks weak at the moment, the price could be gathering strength quietly beneath the surface.

The resistance area just above current prices is often referred to as the Break of Structure (BOS) zone. Right now, the market structure is locally bearish, implying sellers still hold short-term control. However, if the price can break this BOS zone and then successfully retest it as support, it would be a strong bullish signal indicating a shift in momentum.

This structural change is important because it represents a potential reversal point. Traders typically see a BOS breakout and retest as confirmation that a new uptrend is forming. In SUI’s case, this could lead to sustained upward movement and pave the way for a larger rally.

The Road to $10

The most exciting possibility for SUI investors is a potential rally to $10. This target is ambitious but not impossible, provided the token breaks key resistance levels and sustains its bullish momentum.

Reaching $10 would represent a substantial increase from the current price range near $3. Such a move would likely attract significant investor attention and mark a major milestone in SUI’s price history.

However, the journey to $10 depends on several factors:

• Sustained Breakouts: The token must break above $3.38 and hold that level firmly.

• Market Sentiment: A broader bullish sentiment in the crypto market would support SUI’s upward trajectory.

• Volume and Momentum: Increased trading volume and positive momentum are essential to push prices higher.

• Institutional and Retail Interest: Growing interest from both retail investors and institutional players can provide necessary liquidity and confidence.

Risks and Challenges

While the prospects are promising, investors should also be aware of the risks involved. SUI remains vulnerable to further downside pressure if support levels break. A failure to hold above $3.05 could send the price tumbling toward lower support zones, eroding investor confidence.

Additionally, broader market conditions such as regulatory developments, macroeconomic factors, and sentiment shifts in the cryptocurrency sector could impact SUI’s price trajectory significantly.

Conclusion

In summary, SUI is currently in a delicate phase characterized by a correction that might not be over yet. Analysts anticipate one more possible dip before a meaningful recovery can begin. The critical support level to watch is $3.05, with the next support near $2.79 acting as a fallback.

On the bullish side, breaking above the $3.38 resistance and successfully retesting it could mark a turning point. This would signal the start of a new uptrend and set the stage for a potential price rally toward the $10 mark.

Traders should monitor key levels closely and watch for confirmation signals like increased volume, sustained breakouts, and retests of support zones. If these conditions align, SUI could be poised for significant gains and enter a fresh phase of price discovery.

For now, patience and vigilance remain essential as SUI navigates through this critical period.