Is SUI Price Losing Steam? Key Indicator Suggests Reversal Unless This Happens…

SUI has been making big moves lately. After starting below $1.20, it rallied past $4.00, grabbing traders’ attention along the way.

SUI has been making headlines with its rapid price gains. After remaining suppressed below the $1.20 mark for several months, SUI finally broke through the $4.00 barrier, quickly grabbing the attention of traders who were closely following its movements.

As SUI attempts to maintain its ascent, one key indicator is now flashing a possible warning sign, according to crypto expert Ali in a recent tweet.

According to the chart, TD Sequential indicator has formed a “9” sell pattern on the daily chart of SUI. This pattern, when completed, can often suggest that the current trend might be coming to an end and a reversal could occur.

The indicator is suggesting a potential slowdown or reversal in upward momentum. Since this marker appeared, SUI price action has remained below the $4.30 threshold, forming small-bodied candles that indicate uncertainty among market participants.

However, this level also coincides with the 1.0 Fibonacci extension from the recent swing lows, adding another layer of technical resistance.

Fib Levels Offer Support and Next Price Targets

The SUI chart is structured using Fibonacci retracement and extension levels, starting from $1.16 and extending to recent highs above $4.00. These levels highlight several price zones that traders will be monitoring.

Immediate support is seen around $3.60 to $3.75. A further pullback could find support around $3.14, which aligns with the 0.618 Fibonacci level.

If SUI price manages to break above $4.30, the next extension levels are projected between $4.90 and $5.30. These levels represent the next technical targets for bullish continuation in the intermediate term.

Short-Term Trend Cools As Market Awaits Confirmation

While the intermediate trend remains upward, the short-term picture reflects a pause in momentum. The candles following the TD Sequential signal show a lack of continuation.

This suggests that sellers might still be present and could exert some downward pressure until the $4.30 level is decisively breached.

To resume its previous trend, SUI price will need strong buying interest to push through this threshold. Otherwise, a move down to the identified support levels seems possible.