Sui (SUI) Is at a Critical Price Point That Could Shape Its Near-Term Future

Sui (SUI), an emerging altcoin, is currently at a critical price point that could shape its near-term future. Trading around $3.88 as of press time

Sui (SUI) is trading at a critical price point that could shape its near-term future. The altcoin is currently battling against the significant $4 resistance level.

Trader_XO Remains Bearish on SUI Technicals

Well-known analyst Trader_XO is signaling caution in the short term. According to him, SUI faced a firm rejection at the $4.24 resistance, slipping to $3.68.

Moreover, there is a bearish divergence on the RSI, indicating that upward momentum is fading. Unless SUI can convincingly reclaim the $4 level, Trader_XO expects a deeper correction. Key support levels to watch are $2.83 and $1.83.

Besides, the price structure suggests short-term weakness. If SUI fails to close above $3.92–$4.00, then the bearish trend may extend into Q2 and Q3.

Consequently, he has entered a short position near the recent highs, anticipating better long opportunities later. However, if SUI manages to sustain above $4, then he anticipates a strong rally in the broader alt market.

Strong SUI Network Fundamentals Offer Bullish Counterpoint

On the other hand, analyst Michael Van de Poppe offers a bullish outlook, supported by strong network fundamentals. He notes that SUI has recently formed higher highs, a sign of continued strength in the macro structure.

Most importantly, the SUI TVL has surged to $2.06 billion, up 70% over the past month. This near all-time high indicates robust investor confidence and ecosystem engagement.

Furthermore, the network’s growth is driven by the adoption of tokens like WAL and DEEP. WAL, in particular, has become one of the top-performing assets among the top 85 DePIN protocols.

These developments are expanding SUI’s ecosystem significantly.

Adding to the bullish case, analyst Torero Romero shared that SUI’s total accounts have now reached over 190 million. This marks a 35.24% increase in just 30 days. More users completing their first transactions suggests accelerating adoption, which could support future price rallies.