SUI, the native token of the Sui blockchain, is exhibiting indicators of stress as worth motion hovers round $2.79, slightly below a key resistance stage of $2.85. With a 1-day drop of -1.14% and broader 1-month losses exceeding -27%, the SUI worth is caught between bullish momentum and macro-driven promote stress. Nonetheless, analysts stay cautiously optimistic.
SUI Coin Technical Breakdown
From fashionable crypto analyst Michaël van de Poppe’s chart and technical commentary, SUI is presently consolidating in a significant help zone, with liquidity being absorbed beneath $3.00. This zone, in accordance to his TradingView chart, is probably going to maintain until broader market sentiment worsens.
Naveed, one other crypto analyst with over 38,000 X followers, echoes this, noting that the SUI worth has revered the $2.70–$2.85 demand zone. If bulls reclaim $2.85 and shut above it, he predicts a structural shift towards $3.83. An extra breakout may even lead SUI towards $4.31, offered quantity and sentiment align.
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Nevertheless, indicators give blended alerts about the SUI Coin. The 14-day Relative Power Index (RSI) presently stands at 35.65, indicating that the asset is approaching oversold territory. Whereas this doesn’t assure an imminent rebound, it implies that promoting stress could also be extreme in the close to time period.
At the identical time, the MACD has proven a bearish crossover, indicating a continued downtrend and extra weak spot until the momentum adjustments quickly.
This matches the present worth, which is beneath each the 10-day easy shifting common at $3.07 and the 50-day easy shifting common at $3.48. These averages now act as resistance, making short-term recoveries more durable.
SUI Price Prediction: Key Ranges to Watch
The $2.71 stage, which is close to the 78.6% Fibonacci retracement zone, is changing into a vital help. Ought to the worth drop beneath this mark, SUI may decline to $2.50 or as little as $2.39.
On the different hand, if the $2.71–$2.85 vary stays intact, SUI might rebound to the $3.20–$3.50 vary, notably if buying and selling quantity will increase and Bitcoin (BTC) stabilizes.
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