SUI stabilizes around $3.65, in a consolidation phase after a previous bullish impulse.

After its correction, SUI shows very encouraging technical signals. Find our complete analysis and current technical outlook.

SUI Technical analysis

SUI stabilizes around $3.65, in a consolidation phase after a previous bullish impulse. Over the week, the asset shows an 8% decline, contrasting with the 70% rise recorded the previous week. Weekly spot volumes drop by 44% to $2.9B, signaling a clear decrease in activity and marked caution from operators.

suggesting a positive structure. In the short term (SMA 20), the trend is neutral but shows signs of recovery. Momentum remains neutral, contrasting with the previous rise, but with an emerging rebound detected both by oscillators and the SUI price.

Technical levels of SUI

SUI trades above its monthly pivot point at $3, reinforcing a bullish bias confirmed by the breakout of $2.8. Resistances at $3.87, $4.3, and up to the ATH at $5.36 represent key distribution thresholds. Supports between $3.12 and $1.8 constitute major accumulation zones. The high value area at $3.23 marks a balance boundary, beyond which a bullish imbalance could trigger, while the low value area at $1.74 plays this role on the downside.

The current technical analysis was carried out in collaboration with Elyfe, and 0xhugzer, investors and educators in the cryptocurrency market.

Derivatives analysis (SUI/USDT)

The market shows signs of increasing activity, with renewed speculative engagement reflected by rising open interest. The declining CVD without price drop suggests seller pressure absorbed by passive buyers. Liquidations remain marked but balanced between both camps. Finally, the stable funding rate reflects no clear directional bias among leveraged traders.

suggesting a potential acceleration if reached. On the downside, buyer liquidation zones are around $3.00, $2.90, and between $2.01 and $1.99, which could also cause increased volatility if triggered.

Forecasts for SUI price

The bias on SUI remains bullish as long as its price stays above support. The upcoming economic releases, especially those related to inflation in the United States, could mark a decisive turning point and condition the validation of this scenario.

suggesting a positive structure. In the short term (SMA 20), the trend is neutral but shows signs of recovery. Momentum remains neutral, contrasting with the previous rise, but with an emerging rebound detected both by oscillators and the SUI price.

Technical levels of SUI

SUI trades above its monthly pivot point at $3, reinforcing a bullish bias confirmed by the breakout of $2.8. Resistances at $3.87, $4.3, and up to the ATH at $5.36 represent key distribution thresholds. Supports between $3.12 and $1.8 constitute major accumulation zones. The high value area at $3.23 marks a balance boundary, beyond which a bullish imbalance could trigger, while the low value area at $1.74 plays this role on the downside.

The current technical analysis was carried out in collaboration with Elyfe, and 0xhugzer, investors and educators in the cryptocurrency market.

Derivatives analysis (SUI/USDT)

The market shows signs of increasing activity, with renewed speculative engagement reflected by rising open interest. The declining CVD without price drop suggests seller pressure absorbed by passive buyers. Liquidations remain marked but balanced between both camps. Finally, the stable funding rate reflects no clear directional bias among leveraged traders.

suggesting a potential acceleration if reached. On the downside, buyer liquidation zones are around $3.00, $2.90, and between $2.01 and $1.99, which could also cause increased volatility if triggered.

maximize your Cointribune experience with our "Read to Earn" program! For every article you read, earn points and access exclusive rewards. Sign up now and start earning benefits.