SUI Slips Below $0.90: Tight Range, but Sellers Hold a Slight Edge
Sui is trading at $0.8923 on the 4H chart, down 1.48% on the day. After the rejection at $0.9650 and the sharp drop to $0.8277, price recovered part of the move but has since stalled and is now drifting back under the moving averages.
Price structure: The 24h range sits between $0.8861 and $0.9088, a very narrow band that shows how quiet the market has become. The bounce off the $0.8277 wick formed a small base, but the recent candles are printing lower highs, and price is leaning toward the bottom of the range.
Moving averages: Price is trading just under the MA(7) at 0.8980 and the MA(25) at 0.9003, which have flattened and sit close together. The MA(99) at 0.9501 is still sloping down well above price, so the broader trend remains bearish. Reclaiming the 0.90 area would be the first step toward changing that short-term picture.
Volume: 24h volume is about 24.64M SUI (roughly $22.15M). Activity has faded sharply since the heavy selling candle during the drop, which fits the sideways grind. Without a pickup in volume, any move out of this range is hard to trust.
What I’m watching:
Support: $0.8861, followed by the $0.8277 swing low
Resistance: $0.8980 to $0.9003, where the MA(7) and MA(25) sit, then the $0.9088 daily high and the $0.9501 MA(99)
A clean 4H close above $0.9090 with rising volume would be the first sign that buyers are stepping back in. A break below $0.8861 would put the $0.83 low back in play.
#Sui #SUI #CryptoTrading #TechnicalAnalysis #SUIUSDT
$SUI
Sui is trading at $0.8923 on the 4H chart, down 1.48% on the day. After the rejection at $0.9650 and the sharp drop to $0.8277, price recovered part of the move but has since stalled and is now drifting back under the moving averages.
Price structure: The 24h range sits between $0.8861 and $0.9088, a very narrow band that shows how quiet the market has become. The bounce off the $0.8277 wick formed a small base, but the recent candles are printing lower highs, and price is leaning toward the bottom of the range.
Moving averages: Price is trading just under the MA(7) at 0.8980 and the MA(25) at 0.9003, which have flattened and sit close together. The MA(99) at 0.9501 is still sloping down well above price, so the broader trend remains bearish. Reclaiming the 0.90 area would be the first step toward changing that short-term picture.
Volume: 24h volume is about 24.64M SUI (roughly $22.15M). Activity has faded sharply since the heavy selling candle during the drop, which fits the sideways grind. Without a pickup in volume, any move out of this range is hard to trust.
What I’m watching:
Support: $0.8861, followed by the $0.8277 swing low
Resistance: $0.8980 to $0.9003, where the MA(7) and MA(25) sit, then the $0.9088 daily high and the $0.9501 MA(99)
A clean 4H close above $0.9090 with rising volume would be the first sign that buyers are stepping back in. A break below $0.8861 would put the $0.83 low back in play.
#Sui #SUI #CryptoTrading #TechnicalAnalysis #SUIUSDT
$SUI
