Crypto analyst Rekt Capital warns of SUI's recent price action, noting a failure to maintain bullish momentum after a critical Monthly Close in late May.
SUI/USDT struggled to hold above $3.39, a key level, signaling potential weakness as early June saw resistance at this level.
Current price action suggests $2.33-$3.39 as a range, with $3.39 now acting as resistance. Failure to reclaim this level could confirm rejection in the future.
Rekt Capital highlights the importance of Daily Closes above $3.39 for a sign of strength, warning of potential further downside if SUI remains below this level.