Sui Token Drops 3.82% as Market Fear Intensifies
- Price Decline Trend: The Sui token has dropped 3.82% over the past 24 hours, currently trading at $0.901927, indicating a loss of investor confidence that may lead to further sell-offs.
- Poor Market Performance: During the same period, the total crypto market capitalization decreased by 4.11%, with SUI also declining 1.24% against Bitcoin, reflecting its relative weakness and potential impact on its future market position.
- Technical Analysis Warning: Technical forecasts suggest that SUI could fall by 23.17% over the next five days to $0.700653, indicating a bearish market sentiment with little sign of recovery in the short term.
- Support and Resistance Levels: Key support levels for SUI are set at $0.926749, $0.912265, and $0.894462, while resistance levels are at $0.959036, $0.976840, and $0.991324, highlighting the market's heightened caution regarding price fluctuations.
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Technical Analysis for SUI
Technical Sentiment Analysis for Sui (SUI). As of , Sui (SUI) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 2 indicators are flashing buy, while 3 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 | 0.701 | 0.769 | 0.846 | 0.914 | 0.99 | 1.058 | 1.135 |
| Fibonacci | 0.769 | 0.824 | 0.858 | 0.914 | 0.969 | 1.003 | 1.058 |
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