Sui Price Pullback Yet Bullish Sentiment Remains Strong
- Price Pullback Analysis: Sui (SUI) retraced to around $1.21 this week after briefly rallying to $1.40, indicating selling pressure near this key resistance level; however, it remains significantly higher than April's low of $0.85, reflecting ongoing market confidence in its future performance.
- Surge in Network Activity: The rapid expansion of stablecoin liquidity has led to a sharp increase in Sui's total value locked and decentralized exchange volumes, attracting more traders to the network and further solidifying its position during the broader altcoin recovery.
- Sustained Bullish Sentiment: Despite the recent pullback, derivatives market sentiment remains notably strong, with data showing dense liquidation clusters forming between the $1.30 and $1.45 region, indicating that aggressive short liquidations likely accelerated SUI's breakout, maintaining a bullish bias in the market.
- Technical Indicators Support: The Supertrend indicator recently flipped bullish on the daily timeframe and remains well below price action, signaling that buyers maintain control of the broader trend; if SUI stabilizes above $1.20, it could soon attempt another move toward the $1.40 resistance zone.
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Technical Analysis for SUI
Technical Sentiment Analysis for Sui (SUI). As of , Sui (SUI) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 3 indicators are flashing buy, while 1 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for SUI stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, SUI is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Sui (SUI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.404 | 0.666 | 0.899 | 1.16 | 1.393 | 1.655 | 1.887 |
| Fibonacci | 0.666 | 0.855 | 0.972 | 1.16 | 1.349 | 1.466 | 1.655 |
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