SUI PRICE ANALYSIS & PREDICTION (May 5) – SUI is Up 9% Following a Slight Recovery, More Drops Ahead

By: bitcoin ethereum news|2025/05/06 18:45:01

After recovering well from a short-term bearish phase, SUI appears to resume selling following a recent multiple rejection. In preparation for a bigger drop, it is up today as it recovers from last weekend’s drop. Following a back-to-back drop since the start of the year, last month saw SUI bounce, and the price increased significantly following a major recovery that hit the entire crypto market. It eventually lost steam after witnessing multiple rejections under the $4 level in the late month. That led to a drop, and it started this month on a weak note. Testing the $3.15 level yesterday, it found support and briefly recovered to where it is changing hands at $3.38. From a technical perspective, the latest recovery looks more like a retest of the lost $3.5 level over the weekend. We can expect more drops as soon as the price retests this mentioned lost level. Though a rebound is possible if the recently flipped resistance levels hold as support. A dip below April’s low of $1.7 could trigger a serious bloodbath, validating a bearish expansion in the mid-term. However, if by any chance the market continues to recover, especially above April’s high, we can anticipate more gains in the future. But from the look of things, the bears will likely have the upper hand. SUI Key Levels To Watch Source: Tradingview Anticipating a drop, the support levels to keep in mind are $2.83 and $2.42. Lower levels for drops are located at $2.02 and $1.71. A collapse through these levels could send the price to a new multi-month low. For more recovery, SUI must overcome $3.8. If it succeeds, the higher resistance levels to watch for a test would be $4.25, along with the $5 level in the future. Key Resistance Levels: $3.8, $4.25, $5 Key Support Levels: $2.83, $2.42, $2.02 Spot Price: $3.38 Trend: Bullish Volatility: High Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! Source: https://nulltx.com/sui-price-analysis-prediction-may-5-sui-is-up-9-following-a-slight-recovery-more-drops-ahead/

OpenClaw is a rapidly growing open-source AI agent that can autonomously execute tasks and interact with software, including connecting to crypto exchanges through APIs to analyze markets and automate trading strategies. While this creates new opportunities for smarter trading, it also introduces security and operational risks. Through this article, WEEX aims to help users better understand the potential and risks of AI trading agents so they can explore new technologies while trading more safely and responsibly.

Ethereum 2029 Strawmap Guide: Ultra-Fast Consensus, Native Privacy, and the "Acceleration Variables" Brought by AI

Understanding Ethereum 2029 "Sketch": 7 Upgrades, 5 Major Goals, and a "Theseus's Ship" Style Reconstruction.

Altcoin ETF Surge: SOL and XRP Inflows Total $23 Million as Institutions Diversify

Key Takeaways Institutional interest in altcoin ETFs is expanding, with SOL and XRP showing significant inflows on March…

Vitalik Drops Ethereum Endgame Bombshell: ETH USD to $3,000?

Key Takeaways Vitalik Buterin introduces the “Sanctuary Tech” manifesto to address Ethereum’s non-financial limitations. A current lack of…

Exclusive: Yuliya Barabash Predicts the Most Regulated Could Be the Biggest Crypto Winners

Key Takeaways The aftermath of FTX and Celsius collapses has ushered a new regulatory era, reshaping the crypto…

iPhone Crypto Wallets Under Threat from State-Grade Malware

Key Takeaways: The Coruna exploit kit exploits 23 iOS vulnerabilities, threatening iPhone users’ crypto wallets. Initially state-level surveillance,…

Bitcoin Nears Two-Year ‘Make-or-Break’ Resistance: Future Implications

Key Takeaways Bitcoin’s price is approaching key resistance levels around $73,000, observed for the first time since early…

What Is Vibe Coding? How AI Is Changing Web3 & Crypto Development

What is vibe coding? Learn how AI coding tools are lowering the barrier to Web3 development and enabling anyone to build crypto applications.

The parent company of the New York Stock Exchange strategically invests in OKX: The intentions behind the $25 billion valuation

WEEX P2P update: Country/region restrictions for ad posting

I. Overview

When publishing P2P ads, advertisers can now set the following:

Allow only counterparties from selected countries or regions to trade with your ads.

With this feature, you can:

Target specific user groups more precisely.Reduce cross-region trading risks.Improve order matching quality.

II. Applicable scenarios

The following are some common scenarios:

III. How to get started

On the ad posting page, find "Trading requirements":

When an advertiser enables the "Country/Region Restriction" feature, users who do not meet the criteria will be blocked when placing an order and will see the following prompt:

If you encounter this issue when placing an order as a regular user, try the following solutions.

IV. Benefits

Compared with ads without country/region restrictions, this feature provides the following improvements.

Aspect

Improvement

Trading security

Reduces abnormal orders and fraud risk

Conversion efficiency

Matches ads with more relevant users

Order completion rate

Reduces failures caused by incompatible payment methods

V. FAQ

Q1: Why are some users not able to place orders on my ad?
A1: Their country or region may not be included in your allowlist.

Q2: Can I select multiple countries or regions when setting the restriction?
A2: Yes, multiple selections are supported.

Q3: Can I edit my published ads?
A3: Yes. You can edit your ad in the "My Ads" list. Changes will take effect immediately after saving.