Sui Token (SUIUSD) Bulls Retreat as Sellers Take Control

SUIUSD Price Analysis – May 16

SUIUSD bullish momentum is weakening as sellers take advantage of diminished buying strength. After a decisive push above the $4.000 significant level, the bulls have lost steam. The market has now fallen below this key level, currently trading around the $3.700 zone. This shift in market dynamics presents a stronger position for the bears, as buyers appear to have gone silent, allowing sellers to push further downward.

SUIUSD Key Levels

Support Levels: $3.500, $3.200 
Resistance Levels: $4.000, $4.500 

SUIUSD Long Term Trend: Bearish  (Daily Chart)

The Relative Strength Index (RSI) confirms a shift to bearish strength, signaling that sellers are now holding greater control. Similarly, the Momentum indicator reflects a downward trend, indicating further potential declines as the bears aim to stretch lower. SUIUSD has transitioned into a bearish phase after buyers failed to maintain momentum above the $4.000 critical level. The market has since slipped to the $3.700 zone, with sellers seizing the opportunity to drive prices lower.

The RSI reflects a clear shift toward bearish strength, while the Momentum indicator confirms declining price action. If the bears maintain their grip, the market could target the $3.500 support level next, with $3.200 as a potential lower target. However, if buyers manage to regroup, a recovery above the $4.000 resistance level could signal a reversal of bearish pressure. Traders should watch this level closely for signs of renewed bullish activity. The outlook for SUIUSD has turned bearish as sellers take control of the market. A continued decline below $3.700 could open the door for further losses toward $3.500 and $3.200.

SUIUSD Short-Term Trend: Bearish (4-Hour Chart)

On the short-term chart, the bearish trend is evident, with more sell action dominating the market. The Momentum indicator shows a clear decline, reinforcing the sellers’ control.

With buyers retreating, the bears appear set to push toward lower levels. Traders should remain cautious of temporary pullbacks but can look for opportunities as the market continues to favor bearish momentum.

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