Sui Cryptocurrency Nears Critical Support Level Amid Declining Trading Volume and Potential Breakout

As of April 19, 2025, Sui (SUI) is testing a crucial support zone while trading volume shows signs of weakening. Market analysts are closely monitoring this technical setup, as the combination of low volume and key price levels often precedes significant volatility. The asset’s current consolidation near this support area suggests traders are awaiting confirmation of either a breakdown or reversal. Should buying pressure fail to materialize, Sui risks breaking below this important threshold, potentially triggering further downside. Conversely, a rebound from this level with increasing volume could signal the start of a new upward trend. Technical indicators remain mixed, with some showing oversold conditions while others point to weakening momentum. This development comes as the broader cryptocurrency market exhibits cautious sentiment ahead of key macroeconomic data releases.

Key technical points

• Multi-Level HTF Support: Confluence of VWAP POC, daily support, and weekly support strengthens the zone.
• Volume Decline Signals Breakout Setup: Decreasing volume suggests consolidation is nearing resolution.
• Double Bottom Potential: A successful retest here could confirm a reversal structure on the high timeframe.
  

The current support zone combines several high-timeframe levels, including the VWAP point of control and both daily and weekly support/resistance lines. Price has been respecting this region for some time, suggesting that market participants see it as a key decision point. This type of technical clustering is often a catalyst for major directional moves.

Price action has been forming consecutive lower highs and lower lows, but the pace of decline is clearly slowing. This loss in momentum, coupled with declining volume, typically signals a period of consolidation that precedes expansion. The volume profile shows a tightening range, indicating that buyers and sellers are currently in equilibrium, for now.

If this support holds and the next retest is defended, it could lead to the formation of a high-timeframe double bottom, a well-known reversal structure. However, confirmation will come only with a breakout above the local range high, ideally supported by a clear increase in volume. Without that, this remains a consolidation range, and the risk of breakdown still exists.

What’s next for Sui price?

As long as SUI consolidates above this support zone, the probability of a bullish breakout remains in play. Traders should watch for a sharp increase in volume, as this would signal the beginning of a new directional leg, potentially ending the current downtrend. Failure to hold this level, however, would invalidate the bullish thesis and could open the door to deeper downside targets.