SUI news live: forecast sees sideways movement between $3.26 and $3.28 absent new bullish drivers

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Sui Rises 0.26% Today Amid Volatility

Highlights

Sui (SUI) trades at $3.3649, below MA-20 and MA-50 but above MA-200 ($3.1896), signaling ongoing short-term selling pressure amid long-term support.
A $223 million Cetus Protocol security breach impaired SUI/USDC liquidity, while a $50 million SUI buyback and Robinhood listing partially offset negative sentiment.
With conflicting technical signals and a baseline scenario of sideways consolidation between $3.2642 and $3.2821, SUI faces less than 20% probability of near-term gains.

Security breach and buyback program drive sentiment swings amid ETF delays

Recent trading in SUI is heavily impacted by a $223 million security breach in the Cetus Protocol, which drained funds and caused a major drop in the SUI/USDC liquidity pool, dragging token prices across the ecosystem lower. Positive developments, such as a $50 million SUI buyback program and a Robinhood listing for US and EU users, have offered some support and showcased ecosystem growth. Further confidence comes from a jump in total value locked and new partnerships, though lingering regulatory uncertainty around a delayed SUI ETF decision continues to weigh on sentiment.

Conflicting technical signals as support and resistance tighten

The nearest dynamic support is now at the MA-200 ($3.1896), with the Ichimoku Kijun at $3.5433 representing the key resistance overhead. Momentum gauges are mixed: the daily MACD gives a strong buy signal, but the ADX reads below 15 and is neutral, indicating weak underlying trend strength. Oscillators show bearish bias, with the daily RSI below 50, daily Stoch RSI near 31, and CCI in negative territory; BBP indicates sellers still have an edge intraday, but the Awesome Oscillator favors an upward tone. SUI opened with no gap (yesterday close $3.3561, today open $3.3618), is trading mid-range in the day’s band ($3.2847 – $3.3991), and volatility remains moderate, with overall indicators conflicted between bullish momentum and bearish oscillators, resulting in an indecisive, rangebound session.

Rangebound price outlook as bullish momentum remains unconfirmed

Over the next five trading days, SUI is expected to range between $3.2642 and $3.2821, with a very low probability (less than 20%) of price gains in the absence of new bullish confirmations. The baseline scenario is further sideways consolidation within this band. Should price break above $3.5433 resistance, upside momentum could resume, while a move below the $3.1896 MA-200 would likely accelerate further losses.

Anton Kharitonov, expert at Traders Union, believes SUI is experiencing persistent seller pressure and conflicting technical signals, with price unable to reclaim key moving averages despite moderate support from positive news and a buyback program. He sees the near-term outlook as defensive due to the recent security breach, hesitation caused by regulatory uncertainty, and weak trend strength on technical metrics. "Until SUI clears the $3.5433 resistance and shows more convincing buyer interest, I remain cautious and see mainstream upside as unlikely in this environment."

Previously it was noted that Sui Network attracted institutional interest and became a launch partner for Google's new AI payments protocol. Last time we reported that intraday pressure builds with expectations for consolidation amid mixed momentum signals.

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.