SUI Battles Key Resistance at $3.64 as Market Sentiment Hangs in Balance

Sui’s price action shows a tug-of-war between buyers and sellers, with the cryptocurrency stabilizing at $3.64 despite easing bearish pressure. Trading volume remains strong at $811 million, even with a slight 1.4% daily dip, indicating continued market engagement. With a $12.1 billion market cap, SUI solidifies its standing as a major layer-1 blockchain player.

Technical signals are mixed. The RSI displays mild divergence, suggesting possible downtrend fatigue, but failure to break the 20-day EMA at $3.70 keeps bears in charge. A 6.64% pullback from last week’s $3.96 peak highlights stiff resistance NEAR $4.25.

The market is consolidating post-volatility, with weaker downward momentum pointing to reduced selling pressure. This could pave the way for accumulation if bulls hold critical support levels, though current technicals warrant a cautious approach.