SUI/USDT Faces Selling Pressure As Bears Eyes Lower Supports
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SUI/USDT Faces Selling Pressure As Bears Eyes Lower Supports

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Azeez Mustapha

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SUI/USDT Price Analysis – Sui Token Under Bearish Control

SUI/USDT pair shows a clear bearish sentiment, with the token experiencing steady declines amid broader crypto market weakness. Sellers dominate the action after repeated failures at higher levels, signaling potential for more downside if supports give way.

SUI/USDT Key Levels

Support Levels: $3.000, $2.790, $2.500
Resistance Levels: $3.740, $4.000, $4.250

SUI/USDT Faces Selling Pressure As Bears Eyes Lower Supports

SUI/USDT Long-Term Trend: Bearish (Daily Chart)

SUI/USDT on the daily timeframe highlights a downtrend that started from March peaks near $4.500. This slide stemmed from profit-taking after initial hype around the Sui blockchain faded. The price then formed lower highs amid reduced buying interest. It now trades at $3.390 with a 2.55% drop. This level sits below the Bollinger Bands midline SMA at $3.390.

The bands are widening downward, which points to increasing volatility in favor of sellers. Bears hold firm control here. Trading volume has risen on red candles, showing strong seller commitment during the descent. The Momentum at -0.060 remains negative. This reflects ongoing downward force. Traders may see this as a cue to short or avoid longs until it turns positive.

SUI/USDT Faces Selling Pressure As Bears Eyes Lower Supports

SUI/USDT Short-Term Trend: Bearish (4-Hour Chart)

The 4-hour chart depicts SUI/USDT at $3.340, down 1.51%. It captures the recent leg lower from August highs around $4.000. Sellers pushed through an ICT order block near $3.500, where buyers once defended. This breach opened the door for further drops. The price now hugs the lower Bollinger Band at $3.210. This setup reinforces bear dominance in the near term. Volume picks up on downside moves, confirming active selling without much resistance.

The Momentum at -0.050 stays below zero. It signals short-term weakness. This could prompt traders to target lower entries or set stops above recent highs.

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