SUI consolidates near lower end of recent range amid strong seller momentum: weekly forecast

Traders Union
All News
Crypto
Sui slips 4.36% this week

Highlights

SUI remains under sustained downward pressure, trading below key moving averages with technical signals uniformly bearish for the week.
Momentum indicators such as MACD and ADX reinforce negative sentiment, while oscillators show no clear oversold signal and volatility is elevated at 15.26%.
SUI is expected to consolidate between $0.98 and $1.06 over the next seven days, with further declines more likely than a bullish breakout.

Enterprise-backed stablecoin transfers shape sentiment as adoption efforts expand

Sui has launched gasless stablecoin transfers on its mainnet, allowing users to send seven supported stablecoins, including USDC, without needing SUI tokens for network fees. This feature, with participation from enterprises such as Fireblocks, aims to lower operational barriers and drive institutional adoption for large-scale payments. The protocol-level upgrade is designed to promote wider use in global payments, while related trading volume and market cap developments have accompanied the rollout.

Sustained sell bias as technicals reinforce momentum shift this week

On the weekly (W1) chart, SUI sits at the lower end of its recent range, firmly below both the MA-20 ($1.0705) and MA-50 ($2.0956), with the MA-20 acting as the nearest weekly resistance. The ADX signals strong seller momentum, and the MACD remains on a strong sell bias; the RSI and Stochastic RSI do not show oversold signals, while the weekly CCI is neutral. Bull/Bear Power is slightly positive, indicating some residual buyer activity despite the prevailing downward pressure. Weekly volatility is 15.26%, and no major oscillator divergences are present.

Sideways outlook dominates as rebound signals remain absent next week

For the next 7 days, SUI is expected to consolidate within the $0.98 to $1.06 range, reflecting typical weekly volatility. Based on W1 indicators, the probability of a significant price rebound remains low, and downside risks predominate while no buy signals are present on the key weekly indicators. The most likely scenario is sideways movement between the identified support and resistance levels, with potential for a break below $0.98 if selling pressure intensifies. In a bullish case, a close above $1.06 would open further room for recovery if sentiment improves.

Anton Kharitonov, expert at Traders Union, notes that SUI traded lower this week, with sellers clearly dominating the chart and no signs of reversal from key technical indicators. He observes that the price remains under both the MA-20 and MA-50, while momentum signals like the MACD and ADX strongly favor further downside. Kharitonov highlights Sui's new gasless stablecoin transfers as a positive for fundamental sentiment, but sees little immediate impact on price direction. With volatility near 15% and the asset stuck at the bottom end of its range, he believes sideways movement between $0.98 and $1.06 is the most probable scenario over the coming week. Downside risk persists if $0.98 fails. "Until bulls reclaim $1.06 on a weekly close, I remain cautious and see no compelling buy setup for SUI this week."

Earlier, analysts noted that Sui was facing persistent selling pressure despite recent protocol upgrades aimed at fostering adoption and institutional engagement. The latest technical signals reinforce a cautious outlook, with downside risk prevailing in the near term and a break below $0.98 emerging as the critical level to monitor for renewed bearish momentum.

Source of Data: SUI Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.