SUI gains as network unveils confidential transfers for institutional adoption: weekly report

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Sui gains 8.02% over the week

Highlights

SUI remains under medium- and long-term selling pressure, trading below key moving averages and dynamic resistance levels.
Momentum indicators are predominantly bearish, with oversold readings and no technical signals supporting a sustained reversal.
Baseline expectation is consolidation between $0.68–$0.825, with downside risk dominating and a low probability of a significant upward breakout.

Privacy feature launch and partnerships boost adoption focus this week

Sui Network has launched confidential transfers in public beta on its Devnet, allowing transaction amounts and balances to remain hidden while still enabling compliance through visible participant identities. This new privacy feature is intended to support institutional adoption where both confidentiality and regulatory oversight are needed. The network also announced new partnerships with stablecoin issuer Bridge and compliance firms TRM Labs and Merkle Science to strengthen its ecosystem.

Strong bearish momentum intensifies as oversold signals persist over week

On the weekly chart, SUI remains under strong bearish momentum, trading well below both the MA-20 ($0.9444) and MA-50 ($1.9756). The Ichimoku Kijun at $1.3431 sits far above, underlining the strength of overhead resistance near the MA-20. The weekly RSI stands at 35.84, pointing to continued selling pressure, with Stochastic RSI hovering near oversold levels and the CCI at -175.99 confirming oversold conditions. MACD and ADX both reinforce the downtrend, while negative Bull/Bear Power and a non-supportive Awesome Oscillator further signal that sellers dominate the market. Volatility for the week is 9.33%, with SUI consolidating after a bounce off the weekly low.

Consolidation likely as bearish control limits breakout risk next week

For the next seven days, SUI is expected to fluctuate within a trading range of $0.6800 to $0.8250, as sellers retain control and all major weekly indicators remain in bearish or neutral territory. With less than a 20% chance of a sustained upward breakout, the baseline scenario favors continued consolidation between $0.68 and $0.825. Should SUI break above $0.825, a run toward $0.85 is possible but unlikely to sustain. If bearish momentum intensifies and the $0.68 support breaks, a retest of lower weekly supports could follow with downside risk dominating in the short-term outlook.

Anton Kharitonov, expert at Traders Union, sees Sui (SUI) struggling to reverse its bearish weekly trend despite the recent 8% bounce. Over the past week, price remained decisively below key moving averages, and momentum signals continue to favor sellers. Kharitonov notes the confidentiality upgrade and new partnerships may help sentiment for institutional adoption, but they have not shifted technical pressures. In his view, the cluster of resistance above $0.8250 and persistent oversold indicators mean sellers are likely to maintain control. Any move above this level is unlikely to sustain, while a loss of the $0.68 support could expose SUI to further weakness. "Until we see a decisive break above $0.825 and a change in momentum, I remain cautious and see sellers setting the tone for the coming week."

Earlier, analysts noted a shift toward cautious optimism for Sui following technical upgrades and signs of improving sentiment. However, the current environment highlights persistent selling pressure and reinforced bearish momentum, making it essential for traders to closely monitor the $0.68 support level as further downside risk could emerge if it is breached.

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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