Crypto analyst Rekt Capital is sounding the alarm on SUI’s recent price action. In a new update, the analyst explains that SUI/USDT failed to maintain bullish momentum after a critical Monthly Close in late May.

At the time, SUI had been poised to replicate a bullish pattern from late 2024, where price retested the $3.39 level and launched higher. But this time, the token couldn’t hold the line. The May Monthly Candle closed below $3.39, signaling potential weakness.

Early June Shows Resistance at $3.39

As June begins, price action suggests $3.39 may now act as resistance, not support. Rekt Capital notes early wicks into this zone, warning that failure to reclaim it could confirm a rejection in the coming weeks.

Right now, SUI trades within a broad $2.33–$3.39 range, with bulls attempting to reclaim the upper boundary. So far, that effort hasn’t gained traction. If SUI continues to hover without making progress above $3.39, a deeper drop could follow.

Watching Key Mid-Range Support

While the Range Low near $2.33 offers potential downside support, Rekt Capital also highlights the $2.81 mid-range level. This zone has previously acted as both weak resistance and support, and may attract price again if momentum fades.

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The analyst emphasizes that Daily Closes above $3.39 would be an early sign of strength. Without that, however, sub-$3 levels remain likely, keeping SUI under pressure throughout June.

The post SUI Struggles Below Key Resistance as Rejection Risk Grows appeared first on Coindoo.

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Filed under: Bitcoin - @ June 4, 2025 5:30 pm