Price Analysis – Downtrend Extends Toward Key Floor
SUI trades near $1.5157, down 9.15% in the past 24 hours. Price action continues its sequence of lower highs and lower lows since mid‑August, reflecting a controlled but persistent decline. The coin now presses against the $1.77 support zone, a level that has historically acted as a short‑term pivot, with buyers yet to show conviction.
SUI Key Levels:
Support Levels: $0.5809
Resistance Levels: $1.7759, $3.2137
SUI Long Term Trend – Bearish (Daily Chart)
Indicators highlight fading strength. The MFI edges toward oversold territory but shows no strong accumulation, while ADR has compressed after recent volatility spikes. This contraction signals a pause before the next directional impulse. Structurally, the market leans on its near‑term floor, but sellers remain in control as buyers hesitate.
Volume behaviour remains muted with candles forming tighter ranges. The absence of strong inflows suggests larger players are cautious. A close below $1.77 risks deeper retracement toward $0.58, while recovery above resistance would be required to shift sentiment.
SUI Short Term Trend – Bearish (4 Hour Chart)
On the 4 Hour Chart, SUI trades at $1.5146, down 4.37%, extending its descent beneath the $1.77 pivot. Candles show small bodies within thinning volume zones, reflecting fading momentum rather than panic selling.
SUI’s behaviour reflects a soft, non‑panic sell‑off. Pressure remains consistent without dramatic spikes, but oversold readings lack volume expansion to trigger reversal. The confluence of daily MFI near 30 and support around $1.50 forms a potential reaction zone.
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