SUI, the native token of the Sui blockchain, is showing signs of stress as price action hovers around $2.79, just below a key resistance level of $2.85. With a 1-day drop of -1.14% and broader 1-month losses exceeding -27%, the SUI price is stuck between bullish momentum and macro-driven sell pressure. Still, analysts remain cautiously optimistic.
SUI Coin Technical Breakdown
From popular crypto analyst Michaël van de Poppe’s chart and technical commentary, SUI is currently consolidating in a major support zone, with liquidity being absorbed below $3.00. This zone, according to his TradingView chart, is likely to hold unless broader market sentiment worsens.
Naveed, another crypto analyst with over 38,000 X followers, echoes this, noting that the SUI price has respected the $2.70–$2.85 demand zone. If bulls reclaim $2.85 and close above it, he predicts a structural shift toward $3.83. A further breakout might even lead SUI toward $4.31, provided volume and sentiment align.
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However, indicators give mixed signals about the SUI Coin. The 14-day Relative Strength Index (RSI) currently stands at 35.65, indicating that the asset is approaching oversold territory. While this does not guarantee an imminent rebound, it implies that selling pressure may be excessive in the near term.
At the same time, the MACD has shown a bearish crossover, indicating a continued downtrend and more weakness unless the momentum changes soon.
This matches the current price, which is below both the 10-day simple moving average at $3.07 and the 50-day simple moving average at $3.48. These averages now act as resistance, making short-term recoveries harder.
SUI Price Prediction: Key Levels to Watch
The $2.71 level, which is near the 78.6% Fibonacci retracement zone, is becoming a critical support. Should the price drop below this mark, SUI could decline to $2.50 or as low as $2.39.
On the other hand, if the $2.71–$2.85 range remains intact, SUI may rebound to the $3.20–$3.50 range, particularly if trading volume increases and Bitcoin (BTC) stabilizes.
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