• SUI drops 3.51% in 24 hours, extending weekly losses.
• Market capitalization falls 3.52%, showing sustained selling pressure.
• Technicals reveal a bullish structure despite recent corrections.
• Breakout potential remains if SUI holds above key support levels.

Sui remains under bearish pressure as selling continues to dominate the market. Over the past 24 hours, the token has fallen by almost 3.51%, deepening its weekly decline to 23.66%. At press time, SUI is trading near $2.74 with a 24-hour trading volume of $2.44 billion, marking a 1.84% rise in activity despite falling prices.

Its market capitalization stands at $9.95 billion, reflecting a 3.52% decrease over the same period. This contrast between rising volume and falling price signals heightened volatility as short-term traders react to recent losses.

However, technical indicators suggest that the broader market structure remains intact. Despite the decline, the chart maintains a bullish formation, hinting at the possibility of a recovery once selling pressure subsides.

Also Read: SUI Rebounds Strongly, Eyes Explosive $5 Breakout Soon

SUI Technical Structure Indicates Accumulation Phase

The SUI weekly chart reveals that the price is consolidating around $2.74 within a descending channel. This follows a strong bullish phase earlier in 2025, which pushed SUI to higher levels before the current correction set in. The ongoing retracement appears to be a healthy part of a broader accumulation phase. Higher lows on the longer time frame point to persistent buying activity, reinforcing the long-term bullish bias.

Key support zones lie between $2.20 and $2.60, with a deeper base around $1.90 to $2.10. These regions have consistently drawn demand from investors looking for long-term opportunities. If the price sustains above $2.60, SUI may maintain its bullish structure. However, a close below $2.20 could trigger further weakness and invalidate the ongoing setup.

On the upside, immediate resistance lies near $3.20 at the upper boundary of the channel. A move through this area may initiate the start of a new rally towards $3.80, $5.00, $6.20, and ultimately $7.50–$8.00. They all agree with Fibonacci extension targets and old resistance levels seen in previous uptrends.

Resistance and Indicators Define Next Moves

The Moving Average Convergence Divergence (MACD ) indicates a bearish signal at the moment. The MACD line is below -0.17196, significantly below the signal line at -0.09893, with the histogram reflecting higher red bars. This expanding gap and positive growing histogram reflect building bear momentum, which implies sellers dominate at the moment, and no reversal indication is in sight yet.

The Relative Strength Index (RSI) is at 37.74, which is less than the neutral 50 line and close to the oversold 30 line. It also remains below its moving average of 46.46 to support the bear trend. Although not quite in oversell territory, the present strength of the RSI indicates diminishing buying power and risk of additional decline in the short term.

Also Read: Sui (SUI) Faces Strong Pressure: Is a Bullish Reversal Toward $7 Next?