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