Sui slips with price trading well below its long-term average

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Sui drops 7.65% today on bearish setup

Highlights

Sui processed $65 billion in stablecoin transfers after introducing gasless transactions, sharply increasing on-chain activity and engagement.
The network released a strategic roadmap focused on unified value transfer, payments, and AI-driven transactions, signaling long-term growth ambitions.
SUI/USD trades deep in a bearish trend, with technical indicators confirming strong downside momentum and a likely range of $0.7271–$0.7647 over the next few days.

User adoption climbs as zero-fee update drives on-chain volumes

Sui recorded approximately $65 billion in stablecoin transfers following a recent update enabling gasless transaction fees, driving a surge in on-chain activity and reflecting increased user and developer engagement. According to the source text, this spike was primarily attributed to the implementation of a zero-fee mechanism, although automated trading strategies may have influenced a portion of the volume. The network has additionally unveiled a roadmap aimed at developing blockchain infrastructure for unified global value transfer, payments, and AI transactions, providing strategic context for ongoing growth—though price action has remained under broader selling pressure.

Bearish momentum intensifies as Sui remains below major resistance

On the hourly chart, SUI/USD trades below the MA-20 at $0.7785 and the MA-50 at $0.7893, with the long-term MA-200 well above at $1.1398. The Kijun (Ichimoku) level stands at $0.7763, acting as immediate resistance. Momentum indicators confirm a bearish technical setup: MACD and ADX suggest sustained selling pressure; RSI is at 30.37, placing it in the sell zone; Stoch RSI and CCI are both in oversold territory, while BBP indicates seller dominance. The Awesome Oscillator aligns with the downtrend, reinforcing the intraday negative bias.

Downside risk prevails as reversal odds remain low

For the next 2–3 trading days, SUI/USD is likely to remain within a volatility band of $0.7271 to $0.7647. The probability of an upward reversal is very low, with a much higher likelihood of further downside. The baseline expectation is for price consolidation within this range; a bullish scenario would require a break above immediate resistance, while a bearish scenario would develop if the pair falls through the indicated support.

Anton Kharitonov, expert at Traders Union, sees Sui’s recent on-chain spike as fundamentally positive for development, but notes price remains under clear technical pressure. He believes selling dominance is confirmed by bearish indicators and the lack of immediate support from fundamentals. In his view, price consolidation or further downside is more likely in the short term. "Unless SUI breaks key resistance levels, I expect the downtrend to persist — caution is warranted here."

Earlier, analysts noted a shift toward bullish momentum for Sui driven by ecosystem developments and improved technicals. However, with the current return to bearish conditions and strong selling signals, traders should prioritize monitoring downside risk and be prepared for potential further declines if support fails to hold.

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

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.