Sui Price Alert: Will $3.52 Support Hold or Fold in Market Bloodbath?

Sui's price teeters on the edge as bears maul crypto markets—can this key level spark a reversal or trigger another capitulation cascade?

The $3.52 Litmus Test

All eyes on Sui's critical support zone after this week's brutal selloff. The level now acts as both technical floor and psychological battleground for traders.

Market Mechanics at Play

Liquidity pools cluster around this price like vultures, waiting to feast on whichever side breaks first. Meanwhile, perpetual funding rates suggest leveraged positions are getting squeezed harder than a Wall Street intern during earnings season.

Make-or-Break Momentum

Watch for rejection wicks below $3.52—any sustained breakdown could see algorithmic traders pile on like hyenas. But reclaim this level with conviction, and shorts might cover faster than a hedge fund deleting subpoenaed emails.

Sui price continues to face headwinds, dropping 3.25% in the last 24 hours to $3.72 and losing 4.63% over the past week. The market cap has slipped to $13.09 billion, while 24-hour trading volume plunged 37% to $1.32 billion. SUI traded between $3.63 and $3.88 during the session, reflecting investor caution after a broad cryptocurrency market selloff.

Broader market conditions also weigh on sentiment. U.S. CPI data showing 3.3% annual inflation caused a 1.5% crypto market drop and $1.05 billion in liquidations. For SUI, short liquidations of $119k exceeded long liquidations of $14k, underscoring bearish positioning. SUI’s futures open interest declined 9.2% to $1.79 billion, while funding rates normalized to 0.0083% after peaking in July.

Sui Price Analysis:

SUI attempted a breakout above the $3.57 Fibonacci level on August 15 but failed to hold momentum. Thereby triggering stop-loss orders and accelerating its decline. The rejection NEAR the 30-day SMA at $3.79 and a negative MACD histogram at -0.0026 confirm fading bullish momentum. On the 4-hour chart, RSI has slipped to 44, suggesting a bearish tilt in the near term.

The SUI technical outlook shows price consolidating at $3.72, which aligns with the 61.8% Fibonacci retracement. A clean break below this level risks a MOVE toward $3.52, the 78.6% Fib support zone. Any recovery attempt faces resistance at $3.85 and $4.07, where prior selling pressure emerged. A decisive move above $4.07 could shift focus to the $4.75 zone.

If sui price holds the $3.72 support, it may consolidate before retesting $3.85 and $4.07. A breakdown, however, would likely accelerate selling toward $3.52, making this a critical zone for traders to watch.

FAQs

U.S. inflation triggered risk-off sentiment, with crypto liquidations hitting $1.05B. SUI dropped 3.4% as traders cut exposure to altcoins.

Immediate support is at $3.72, followed by $3.52. Resistance lies at $3.85 and $4.07.

Sui price today is at $3.72 with an intraday change of -3.25%.