Technical analysis by TheCoinCowboy about Symbol SUI: Buy recommendation (5/9/2025)

$4.10 is proving to be the current level of resistance. I was really hopeful there was more runway up after reaching the $4.00 mark. Note: This analysis is valid only if SUI falls below $4.07. SUI is hitting resistance in the $4.00 to $4.10 range, so we may see some short-term rejection before the next move up to $4.20 and beyond. With all of the good news regarding crypto deregulation in the U.S. and the innovation milestones at SUI, any move down toward $2.40 will likely be very short-lived.Correction: This analysis is only valid if SUI fails to hold above $3.90, and hopefully this idea will not come true.Looks like we are staying above $3.90... and if we do move down it will still print a higher low, so that would be in the $3.60 range. This post does not fit the current bullish momentum the overall market is in.Well, it's very apparent that SUI did not hold above $3.90, and even though I canceled this order, it seems to be playing out for the most part!