SUI Stuck In A Downtrend After Resistance Rejection, More Losses Ahead?

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. SUI’s latest rejection at a crucial resistance area has handed control back to the bears, keeping the asset trapped in a persistent downtrend. As downside momentum continues to dominate, attention is shifting toward key support levels that could determine whether SUI is headed for further losses or nearing a potential bottom. SUI’s Fifth-Wave Decline Keeps Bears In Control

More Crypto Online’s analysishighlights that SUI continues to face significant downside pressure, suggesting the market is likely still unfolding a fifth waveto the downside. While the higher timeframe structure remains open to interpretation, accommodating both bullish and bearish outcomes, the prevailing trend remains firmly toward lower prices. Related Reading SUI Finds Strong Technical Support, Yet Broader Downtrend Fears Persist 2 weeks ago

The leading scenario indicates that a critical supportregion lies between $0.65 and $0.49. This zone is identified as the potential foundation where a corrective wave B could conclude, setting the stage for a meaningful low. However, until the asset can stabilize within this range, the structural trend must be viewed as bearish. Source: Chart from More Crypto Online on X

A more pessimistic white count risk scenario is also being monitored. This bearish alternative would gain significant traction should the market fail to hold the support cluster between $0.65 and $0.49. A breakdownbelow this level would mean that the current correction is likely to extend further.

Ultimately, SUI is rapidly approaching this major support area, which serves as the primary zone to monitor for signs of stabilization. While this is the key area for potential buyers, any credible bullish case remains contingent on the market demonstrating a clear 5-wave advance after reaching these support levels.  Rejection At Micro Resistance Signals More Downside Risk

Following a rejection from the micro resistance zone between $0.747 and $0.855, crypto analyst MCO Global notesthat the asset is likely to see at least one, and potentially two, additional lows. While the structural interpretation has been complicated by the distortion caused by the October flash crash, the analyst maintains that the overall downward direction remains clear. Related Reading Crypto Giant Dethroned: Bitcoin Drops Out Of Top 10 Amid Market Shift 1 week ago

Key support levels are currently established at $0.65 and $0.49. These areas will be critical for determining whether the asset can find a floor or if the current momentum will push it into deeper territory. As long as the price remains contained below the resistance zone, the marketcontinues to operate within a persistent downtrend.

The analystemphasizes that a breakout above $0.855 is the primary requirement to shift the narrative. Achieving this would serve as the first technical signal that the intense downside pressure is finally beginning to ease. Until such a move occurs, SUI remains anchored in its current bearish structure. SUI trading at $0.75 on the 1D chart | Source: SUIUSDT on Tradingview.com Featured image from YouTube, chart from Tradingview.com