SUI Token Sees 1.38% Gain Amid Mixed Signals

The Sui cryptocurrency market is at a pivotal moment, with the SUI token trading within a narrow range of $3.70 to $3.85. Despite recent price stabilization, investors are divided on the future direction of SUI. As of the latest data, SUI is priced at approximately $3.84, marking a 1.38% increase in the last 24 hours. This modest gain follows a period of consolidation above $3.775, with significant accumulation activity observed at $3.755, where trading volume exceeded the 24-hour average by 45%.

Technical indicators present a mixed outlook for SUI. The Relative Strength Index (RSI) stands at 41.47, indicating weak bullish momentum, while the Moving Average Convergence Divergence (MACD) remains in bearish territory. The price is currently near the lower Bollinger Band, suggesting potential undervaluation, but this does not guarantee an imminent reversal. The shrinking Bollinger Band range signals low volatility, which often precedes significant price movements. However, analysts caution that bulls need volume and confirmation to rally, and without these factors, the current squeeze could lead to further downside.

Key support levels for SUI are around $3.50 and $3.40. A decisive break below these levels could trigger panic selling, potentially pushing the token toward the $3.20–$2.90 zone. Conversely, maintaining support above $3.75 and reclaiming the $3.85 resistance level could initiate a renewed bullish phase. A widely circulated prediction calls for SUI to reach $4.20, aligning with bullish chart patterns such as an inverse head and shoulders setup. Some analysts suggest SUI could surge toward $4.76 or even $5.67 if momentum accelerates, potentially revisiting its all-time high of $5.35 reached in January 2025. However, not all voices are bullish. Popular analyst Ali identified a completed TD Sequential nine-candle pattern on the 3-day chart, traditionally interpreted as a sell signal, suggesting a short-term correction may be imminent.

On-chain data provides reasons for cautious optimism. SUI investor sentiment has been boosted by recent developments, including the integration of BitVM bridge and the planned launch of Peg-BTC (YBTC), which expands Bitcoin DeFi capabilities on the Sui network. The stablecoin supply on Sui has exceeded $1 billion, representing a 218% increase over the past six months. This sharp rise in liquidity highlights growing activity in the Sui DeFi ecosystem, with stablecoins such as USDT, USDC, FDUSD, and USDY fueling decentralized applications and trading protocols on the Sui blockchain. The current trend in funding rates remains positive, indicating that traders are predominantly taking long positions and suggesting the broader market expects higher SUI prices ahead. While short-term fluctuations persist, most minor dips have been quickly reversed, indicating active buying demand.

Some analysts have projected more bullish long-term targets. If SUI can maintain support above $3.00, price targets range from $5 to as high as $20 in future market cycles. For SUI to reach these ambitious targets, it must first break through immediate resistance at $4.80 and maintain support above $3.00. These levels will play an important role in confirming a trend change and attracting new buyers. The SUI market remains in a holding pattern, waiting for a clear signal to break free from its current range. Traders are advised to watch key support and resistance levels closely as the next major move could be imminent.