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SUI Tests Critical $3.70 Resistance Level as On-Chain Data Hints at Accumulation

SUI Tests Critical $3.70 Resistance Level as On-Chain Data Hints at Accumulation

Published:
2025-05-01 16:04:11
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[TRADE_PLUGIN]SUIUSDT,SUIUSDT[/TRADE_PLUGIN]
SUI News -

Sui (SUI) is facing strong resistance at the $3.70 price point after a 75% rally, leaving traders uncertain about its next directional move. Blockchain data shows $40 million worth of SUI moved off exchanges within a three-day window—a classic accumulation indicator.

The altcoin maintains a positive Open Interest-weighted Funding Rate of +0.0066%, signaling continued buying interest. market watchers are now positioned for either a decisive breakout above resistance or a pullback from current levels.

|Square

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