SUI Price Nears Critical Support Level as Traders Brace for Next Market Move

SUI is testing a crucial price floor. The market holds its breath.

### The Pressure Point

All eyes are on that support zone. A clean hold could springboard a recovery rally—a decisive break opens the door to deeper losses. It's the classic crypto standoff: bulls and bears digging in at a technical line in the sand.

### The Waiting Game

Trading volume often dips in these moments. The smart money watches, waits for a clear signal before committing fresh capital. It's a high-stakes game of chicken played out across global order books.

### The Bigger Picture

Remember, short-term technicals exist within a larger narrative. Broader crypto sentiment, network development progress, and yes, the occasional celebrity tweet, all feed into the eventual outcome. One level rarely tells the whole story.

So here we sit. The charts set the stage, but market psychology writes the script. Just another day in digital asset markets—where a single percentage point move sparks more analysis than most traditional finance quarterly reports.

SUI Rises on Network Activity

With the latest update shared by Sui Media, there has been growing Optimism about increasing on-chain activities. SUI, as per the platform, has experienced a tremendous increase in participation, with 24-hour volume rising to a whopping $780 million, entering the list of the top four most traded assets in the total market.

SUI Faces Key Resistance Test

Meanwhile, popular analyst More crypto Online has shared a technical analysis of SUI’s present setup. He has described that token’s price has been rejected from a major resistance area and that it’s now developing along a “yellow scenario.” This indicates a potential for a prolonged B wave, which he also mentioned in his previous analysis.

However, he pointed out that it WOULD still break down straight into a “blue scenario.” The next important element to monitor would be how token would react when it nears support.

Thus, as per the analyst, a test of the 100% extension around $1.45 appears to be a probable outcome. The reaction that follows will be of significance. A strong reaction can verify the B wave extension, whereas a weak reaction could imply that it is being taken over by the blue analysis.

However, for now, all eyes are on the support area as token tries to FORM a plan for what to do next.

SUI Holds Support, but Momentum Still Weak

RSI is currently at 35.49, which indicates that token is near the oversold area but attempting to find support. The MA Ribbon remains above the current price, with major averages around 3.07, 2.79, and 2.38, indicating that the market momentum is bearish. This indicates that price is currently being controlled by sellers.

The MACD continues to display weakness, as the line sits at 0.18560, with the signal line holding at 0.27926. While it appears that it will close somewhat, a look at the histogram indicates that it remains a bearish instrument. There has been no cross, which means that, for now, buyers are in a position that requires further support.