SUI Price Prediction: Technical Resistance and Market Sentiment Analysis

Current market structure and technical analysis

The technical factors behind the recent pullback

The rejection of SUI at the resistance level of $1.61 is consistent with multiple chart signals observed on the daily and four-hour charts. This pivot has historically served as a significant decision area, where prices either accelerate upward upon breakout or reverse downward when momentum weakens.

Currently, there are two main indicators affecting SUI:

• Relative Strength Index (RSI):Shows a neutral position, indicating that the price may move in either direction based on broader market changes.
• Moving Average:The weekly chart highlights a mild bullish bias, but short-term pressure remains as SUI struggles to reclaim its resistance level.

key technology area

If SUI breaks clearly above $1.61, traders may expect to re-enter a bullish trend, moving towards the next Fibonacci extension target. If this level is not broken, consolidation may be prolonged.

Market sentiment and fundamentals

Market sentiment among various altcoins is still influenced by Bitcoin's increasingly dominant position, which has reached 58.55%. Historically, during periods of rising dominance, altcoins tend to struggle, especially when Bitcoin's liquidity absorbs speculative capital from other assets.

In addition, SUI maintains a strong fundamental. It continues to expand its ecosystem, attract developers, and improve network efficiency. The blockchain's emphasis on modular design and high throughput has attracted partners, contributing to its long-term growth potential.

Volume Segmentation

Trading volume decreased by 23% to $763 million, indicating a reduction in participants entering new positions. The contraction in trading volume may signify hesitation, reduced liquidity, or an impending volatility event.

trading volume dynamics

Despite the decline in short-term trading volume, the weekly structure remains positive, supporting a bullish bias in the medium term.

SUI price prediction

The price outlook for SUI depends on technical recovery, macro environment, and liquidity flow.

Short-term forecast (1 to 4 weeks)

If SUI breaks through the resistance level of 1.61 USD again, momentum may target 1.78 USD and 1.92 USD. Failure to reclaim this level may lead to consolidation around 1.48 USD.

Medium-term forecast (3 to 6 months)

If market sentiment improves and altcoins benefit from a rotation away from Bitcoin's dominance, SUI's trading range may be between $2.20 and $2.85.

Long-term forecast (2025 and beyond)

With the growth of the ecosystem, the expansion of developers, and the increase in on-chain usage, the trading range of SUI may reach 4.00 USD to 5.80 USD based on adoption metrics.

Price prediction range

Make money through SUI

Investors and traders can consider several strategies:

1. Swing trading around support and resistance zones to capture volatility.
2. If long-term growth is expected, then adopt a dollar-cost averaging strategy.
3. Pair trading on Gate.com, using SUI for stronger entry against BTC or USDT.
4. Perform momentum trading when trading volume exceeds the average level.

Gate.com provides the liquidity and trading pairs necessary to implement such strategies.

Conclusion

SUI has shown resilience and short-term caution. The recent decline reflects technical rejection, macro sentiment, and a decrease in short-term trading volume. However, weekly strength, ecosystem development, and long-term fundamentals remain positive. Traders and investors can leverage these insights to construct structured strategies, especially using the analytical tools available on Gate.com.

Frequently Asked Questions

1. Why has SUI dropped recently?
   The recent decline is due to the resistance at $1.61, the rise in Bitcoin's dominance, and the decrease in trading volume.

2. Is the long-term trend of SUI still bullish?
   Yes. Weekly growth and strong fundamentals support a long-term upward trajectory.

3. What is the key level for SUI to regain bullish momentum?
   A clean breakout above $1.61.

4. Is SUI suitable for trading or holding?
   Both have their merits. Traders benefit from volatility, while long-term holders may benefit from the growth of the ecosystem.

5. Where can I trade SUI?
   SUI can be traded with multiple trading pairs on Gate.com.