Sui slides 43.86%, after losing support at key moving averages
Sui (SUI) is currently trading sharply below the MA-20 at $3.43 and the MA-50 at $3.48, with levels also falling under the long-term MA-200 at $3.28. This price action underscores strong short- and medium-term bearish pressure as SUI breaks down through key moving averages.
Highlights
- Sui (SUI) trades below major moving averages—MA-20 at $3.43, MA-50 at $3.48, and MA-200 at $3.28—indicating strong short- and medium-term bearish pressure.
- Forecasting models predict SUI could decline by 23% to $2.60 by October 14, 2025, as bearish sentiment and volatility persist.
- Technical indicators remain negative, with SUI under $3.28 support and less than a 20% chance of rebounding above resistance at $3.52 in the next five days.
Declining prices drive persistent bearish sentiment amid volatility
Forecasting models project SUI could drop by 23% to $2.60 by October 14, 2025, signaling persistent bearish sentiment amid heightened volatility. Recent market observations reflect declines against both USD and BTC in daily performance. The backdrop reinforces a cautious short-term outlook for the token.
Momentum weakens as SUI loses support and oversold signals emerge
Technically, SUI remains under pressure as it trades well below all major moving averages, losing support at the MA-200 and facing the nearest dynamic resistance at the Ichimoku Kijun at $3.52. No strong support levels are currently visible, and overall momentum signals are negative, with daily MACD and ADX indicating an ongoing but limited downtrend. Stoch RSI and CCI are oversold, suggesting the market is stretched, while a technically high RSI at 62.80 diverges from the bearish setup. Other indicators, like BBP and the Awesome Oscillator, send mixed signals, but selling pressure remains dominant after a 43.86% drop with extreme intraday volatility.
Further downside likely as rebound odds diminish on technicals
Looking ahead over the next five trading days, SUI is expected to move within a wide range, likely between $3.49 and $3.67. The probability of a price rebound is low — less than 20% — making further downside more probable. While a pause or sideways move may occur if SUI stabilizes, reclaiming resistance above $3.52 appears unlikely without a sharp reversal. Sustained trading below $3.28 would open the way to deeper losses as technical signals remain bearish.
Previously, it was highlighted that anticipation around Sui's first native stablecoins is improving sentiment and liquidity prospects. The market focus was described as centered on the upcoming launch through a partnership aiming to improve liquidity and utility across the Sui blockchain.
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