- SUI is showing a bearish head-and-shoulders pattern and a breakdown is near.
- If it loses $3.60 the next key level is $3.00 before a drop to $1.60.
- Buyers must push above $4.00 to cancel the bearish setup and shift momentum.
SUI is currently forming a head-and-shoulders pattern, a widely recognized bearish reversal setup that signals potential downside risk. At the time of analysis, SUI is trading at $3.4179, hovering near the critical neckline at $3.60. Analyst Ali suggests that if this pattern plays out, the price could drop to $1.60, representing a 53% decline from current levels.
The chart clearly displays a left shoulder, head, and right shoulder, aligning with a classic breakdown structure that traders watch for trend reversals. A decisive break below the neckline would confirm the pattern and likely lead to increased selling pressure.
SUI recently hit a high of $5.60 before reversing, forming the head of the pattern. The price has since struggled to regain bullish momentum, with the right shoulder facing rejection at $3.60. This rejection strengthens the bearish outlook, suggesting that sellers are firmly in control. If SUI breaks below $3.00, it could trigger further downside, making $1.60 the next key support level. Failure to break the neckline, however, could invalidate the setup and allow bulls to regain control.
SUI Price Prediction 2025 – Will It Drop to $1.60?
Traders often use the head-and-shoulders pattern to anticipate trend reversals, and SUI’s setup aligns with this outlook. One crucial factor to watch is trading volume. If SUI breaks the neckline with strong volume, the probability of a move toward $1.60 increases significantly. A lack of selling pressure could lead to a false breakdown, keeping the price range-bound. Market participants are closely monitoring this level, as the next move will determine whether SUI collapses or finds new buyers to push it higher.
The upcoming days are critical as SUI approaches a decision point. A confirmed neckline break would likely drive prices lower, while a failure to break could lead to a bullish reversal. If buyers defend the $3.60 support, SUI could see short-term relief, but the larger structure remains bearish unless the price reclaims $4.00. With sentiment turning cautious, traders are watching for confirmation before making decisive moves.
