Sui slips as price struggles below $0.9748 MA-20 resistance: weekly outlook

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Sui falls 23.47% during the week

Highlights

SUI trades well below key moving averages, indicating sustained bearish momentum and weak medium- to long-term trend.
All major momentum indicators signal selling pressure, with oversold conditions underlining strong negative bias from market participants.
Seven-day outlook projects a trading range between $0.6700 and $0.8200, with a high probability of continued downside or consolidation near lows.

Institutional adoption eyed as privacy upgrade drives sentiment this week

Sui has announced the launch of confidential transfers aimed at enhancing transaction privacy by concealing transfer amounts while preventing unauthorized token minting. This new feature uses range proofs and embeds asset supply conservation at the protocol level, prioritizing privacy and security for both users and institutions. The upgrade is intended to promote institutional adoption and improve confidence in the blockchain’s integrity, though no launch date has been confirmed.

Momentum indicators confirm entrenched bearish trend over the week

On the weekly chart, SUI remains firmly in bearish territory, trading below both the MA-20 and MA-50, which signal medium- and long-term downward momentum. The weekly MACD and ADX each indicate a strong sell, backed by a weekly RSI at 35.25 and a deeply oversold CCI, suggesting strong selling pressure dominates. Stochastic RSI holds a neutral stance, and Bull/Bear Power leans clearly toward sellers, while SUI sits at the bottom of its weekly trading range with volatility at 38.00%.

Limited rebound prospects as technicals flag downside risk in coming week

For the next 7 days, SUI is expected to trade between $0.6700 and $0.8200, reflecting current high volatility and sustained weakness. With all four key weekly indicators showing no Buy or Strong Buy signals, any meaningful rebound has a less than 20% probability, suggesting continued downside or range-bound movement just above current lows. Should sellers lose momentum, there is a chance for a modest move toward the upper boundary, but if bearish pressure persists and SUI closes below $0.6700, further losses toward the yearly low are likely.

Earlier, analysts noted that Sui was experiencing persistent bearish sentiment with little likelihood of a near-term rebound. The current analysis both confirms ongoing downside risk and introduces the prospect that SUI’s launch of confidential transfers may help shape future sentiment, with a break below $0.6700 now posing a significant signal for further losses.

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

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