Sui pressured by negative momentum signals as sellers keep control: weekly analysis

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Sui falls 5.89% this week

Highlights

Sui trades at $0.9017, falling 5.89% in the past week, now below its 20-day and 50-day averages.
Technical momentum indicators are bearish, with high volatility and signals favoring continued negative pressure in the near term.
Sui is projected to trade between $0.829 and $0.9743, with $0.8656 as key support and $0.965 as near-term resistance.

Ecosystem expansion accelerates as Mercado Bitcoin and Samsung boost Sui adoption

Sui saw notable ecosystem activity this week as Mercado Bitcoin, a major Brazilian exchange, launched support for Sui transfers, potentially widening the user base according to Coinfomania. New integrations continued, with Cetus AI tools and Samsung Wallet infrastructure supporting USDC, and Navi Protocol unveiling its first EVM vault based on Sui, allowing users to deposit USDC from Ethereum without creating a new wallet (sources: Altcoin Buzz, CoinGabbar). Recent mainnet upgrades and a security release also addressed transaction settlement issues, supporting Sui's ongoing technical expansion.

Momentum stays bearish this week as CCI flags possible rebound

The daily chart shows a sharp move lower without a sustained trend, with volatility high at 16.59%. Momentum signals such as MACD and ADX both point down and favor sellers, while CCI is in its oversold zone at -145.1667, flagging possible selling exhaustion and a chance of an upside rebound. Support is found at $0.8656 (the 200-day moving average), with resistance at the recent weekly high of $0.965, and the Ichimoku Kijun at $1.0411 may act as a cap if any bounce develops.

Directional bias stays negative as crucial levels frame next week's range

In the week ahead, Sui is expected to trade between $0.829 and $0.9743. The probability of a decrease is 78% versus a 22% chance of an increase. The base case is a test of the middle of this range as the market digests recent losses. A bullish break above $0.965 could target the Kijun resistance at $1.0411, while a move below $0.8656 would open the door to deeper losses towards the lower end of the forecasted range.

Anton Kharitonov, expert at Traders Union, notes that Sui (SUI) spent the week near $0.90 after a 6% decline, now sitting in oversold territory on the daily chart. He highlights that while negative momentum dominates, signals of selling exhaustion make the setup less clear for the coming days. This period saw positive ecosystem developments, such as Mercado Bitcoin enabling Sui transfers, new protocol integrations, and mainnet upgrades addressing technical issues. Despite the network’s expansion efforts, Kharitonov sees downside risk prevailing, given that MACD, ADX, and price structure continue to favor sellers. Support is tracked at $0.8656, with resistance at $0.965 and the key Kijun level at $1.0411. "As long as SUI remains below $0.965, I stay cautious and expect any rebound to struggle against persistent selling pressure this week."

Earlier, analysts noted that Sui remained under significant bearish pressure despite ongoing ecosystem and institutional developments, with downside risks prevailing in the near term. The latest review adds that, while selling exhaustion is being signaled at oversold levels, traders should monitor the $0.8656 support closely for any shift in the prevailing bearish scenario.

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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