Sui edges lower as price remains below MA-20 resistance at $0.8920: weekly outlook

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Sui slips 1.85% over the week

Highlights

SUI remains in a strong medium- and long-term downtrend, trading below key dynamic resistance levels amid persistent selling pressure.
Bearish indicator signals dominate, with momentum and oscillators confirming a low probability of a sustained upward reversal in the near term.
Price is expected to trade sideways between $0.6720 and $0.8220 over the next week, with a greater risk of downside continuation.

Cetus exploit tempers sentiment as defi activity remains resilient

The Sui network experienced a significant event as a major exploit targeted Cetus, the leading decentralized exchange, with coordinated recovery efforts successfully freezing or retrieving a substantial portion of the impacted funds. Despite this incident, Sui's DeFi ecosystem remains robust with total value locked between $800 million and $900 million and strong stablecoin and trading activity. The platform continues to attract developer and user growth, while major protocols such as Turbos Finance and SuiSwap draw further liquidity, and institutional backers like Andreessen Horowitz and Binance Labs support ongoing development.

Technical momentum stays bearish amid oversold weekly signals

On the weekly chart, SUI remains below both the MA-20 ($0.8920) and MA-50 ($1.7418), with the MA-20 acting as the nearest resistance level. Weekly support is seen at $0.6720, while resistance is located at $0.8220. The RSI and Stochastic RSI both indicate oversold conditions, while the CCI points to persistent selling momentum. MACD and ADX maintain strong bearish readings, with Bull/Bear Power remaining negative, although the Awesome Oscillator is neutral and hints at potential stabilization.

Limited rebound risk with continuation of bearish range anticipated

Looking ahead to the next 7 days, SUI is expected to trade between $0.6720 and $0.8220, consistent with prevailing bearish momentum. No major indicators point to a reversal, with less than a 20% probability of a sustained upward move. The baseline scenario is sideways trading within this range. Should SUI break below $0.6720, a deeper decline is likely, while a sustained move above $0.8220 would be required to signal a bullish turnaround—an unlikely scenario given current readings.

Anton Kharitonov, expert at Traders Union, notes that SUI closed the week under major resistance levels at $0.8920 and $1.7418, confirming ongoing medium- and long-term selling pressure. He believes negative technical signals are dominating, with both MACD and ADX pointing to persistent bearish momentum. Despite the recent Cetus exploit on the Sui network, developer activity and DeFi TVL have remained resilient, but this has done little to shift sentiment in the market. Kharitonov sees support at $0.6720 and resistance at $0.8220, with main indicators still signaling oversold conditions rather than any recovery. He remains cautious, expecting sideways or lower price action unless SUI decisively reclaims $0.8220. "As long as price stays below $0.8220, I see no convincing signal for a bullish reversal in the coming week."

Earlier, analysts noted that Sui was mired in sustained bearish momentum with little evidence of an imminent recovery. The current environment reinforces this outlook, as persistent technical weakness and unresolved downside risk make any break below the $0.6720 support a critical signal for traders in the coming sessions.

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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