Key Technical Signals:
- Current price: $3.31 (+1.61%), market cap $11.23B
- Stalled below key $3.45 resistance
- MACD showing bearish crossover, negative histogram
- Price below 9-day and 20-day EMAs
- RSI below 50 — market leaning bearish
📉 Momentum Fades at Key Resistance
Recent SUI price action reveals a subtle but significant shift in momentum as the cryptocurrency struggles to maintain upward traction.
After an attempt to bounce from the $3.19–$3.27 support region, SUI price action remains capped below the key resistance at $3.45 and faces growing overhead pressure.
Current Metrics:
- Price: $3.31 (+1.61% in 24 hours)
- Market Cap: $11.23 billion
- Volume: $656.02 million
- Rank: 12th position
Over the past few sessions, SUI has made modest gains off its local bottom but failed to regain higher levels convincingly. Notably, the SUI price has remained below both the 9-day and 20-day exponential moving averages, which now curve downward.
📊 MACD Bearish Crossover Deepens
The MACD indicator offers a clear picture of this fading momentum:
MACD Signals:
- MACD line has slipped deeper below the signal line
- Histogram continues to print negative bars
- Sign that bearish strength is intensifying rather than subsiding
While the overall downtrend isn’t aggressive, the prolonged negative momentum suggests that any upward recovery may face significant hurdles.
RSI Analysis:
- Remains below the 50 level (typically midpoint between bullish and bearish territory)
- Reflects market indecision, leaning toward bearish tilt
- Not yet in oversold territory, but failure to reclaim stronger levels
🎯 Key Levels to Monitor
Resistance:
- $3.45 — current key barrier
- $3.55-$3.58 — critical overhead barriers on breakout
Support:
- $3.27 — first key support to monitor
- $3.19 — next cushion level
- $3.06 — deeper structural floor
A breakdown below $3.06 would likely invalidate the medium-term bullish structure and invite further downside.
📈 Trading Strategy Outlook
For Long Traders:
- Entry: Break above $3.45 with strong volume and close above EMAs
- Targets: $3.55–$3.58 region
- Stop-loss: Below $3.27 support zone
- Conservative approach: Wait for retest of breakout level as support
For Short Traders:
- Entry: Rejection near $3.45 with declining volume
- Trigger: Breakdown below $3.27
- Targets: $3.19, potentially $3.06
- Stop-loss: Just above $3.45–$3.50 resistance zone
🔮 Conclusion
SUI is walking a tightrope between fading bullish attempts and growing bearish strength. While the trend has not yet decisively broken down, the weight of multiple resistance levels, weakening momentum indicators, and lack of strong buying support suggest caution.
Traders should monitor key levels closely, as the next breakout or breakdown could set the tone for the coming days.
Bottom Line: SUI faces a critical juncture at $3.45 resistance where bearish technical signals are accumulating, suggesting heightened risk of downside movement toward $3.27-$3.06 support levels unless bulls can reclaim momentum with volume.