SUI Technical Analysis of March 3, 2025: Bullish Breakout Reaches $3.27 Resistance Level

 Let’s dive into the SUI price trend and explore the technical indicators behind the Bullish breakout & reversal.Looking for SUI technical analysis to invest in A major price increase occurred for SUI on March 3, 2025, at 14:45 UTC when it broke through its tight boundary. Market participants agreed on $2.85 as their price support, which made a lower green mark, but $2.96 became a resistance point after previous price tests led to the breakout. A powerful bullish breakout happened following SUI’s ability to overcome resistance levels and produce a bull pack effect leading the token price to reach $3.27 as the newest intraday high.

The market indicated a shifting trend through the formation of a bull pack because it showcased strong, increasing buyer demand. When prices reached the maximum resistance zone of $3.27, the market indicated a possible price reduction.

Momentum Indicators and Reversal Signals

The Relative Strength Index (RSI) exceeded 70 when Altria broke out, thus entering the overbought range, which indicated a possible market correction. RSI returned to its normal zone after what had been anticipated. The price touched the $2.96 support point during UTC time 06:00, when the RSI broke below 30, indicating an oversold market condition.

The signal generated by the MACD at 15:00 UTC in the SUI price trend was a Golden Cross which validated the powerful upward trend driving the breakout. The price touched the top resistance level of $3.27 before a Death Cross emerged at 18:00 UTC, signaling rising negative market momentum. SUI moved towards support when a second Death Cross formed at 06:00 UTC.

Support, Resistance, and the Next Move

The price point at $2.96 (green line) held strong during the downward trend from when it reached $3.27, thus validating its importance. The price dropped through $3.10 (minor support) which intensified the decline before returning to its previous trading boundaries. The SUI price might conduct a possible support retest at $3.10, yet if it fails to sustain $2.96, the market could begin a more significant price drop to $2.85.

For SUI to sustain a bullish trend, it must keep $2.96 as support while also regaining $3.10. Resistance spanning from $3.27 to $3.40 will constitute a primary barrier to continuing an upward trend. The  RSI and MACD indicators suggest weakening momentum, but a rebound is possible if buyers step in. The market outlook remains uncertain with both bullish and bearish scenarios possible. All in all, a breakout above $3.10 could confirm a bullish trend, while a break below $2.96 could lead to a deeper correction.

Final Outlook

The bull pack formation during the breakout was a strong bullish signal, but the subsequent bearish divergence in MACD and overbought RSI led to a correction. For a sustained bullish trend, the SUI price trend has to maintain its support at $2.96 and reclaim $3.10. The next key resistance is at $3.27, and breaking it could trigger another bullish leg towards $3.40.