SUI remains entrenched in a clear short-term downtrend after facing strong resistance at higher levels. According to the crypto analyst BitGuru, as of Wednesday, March 25, the token has now stabilized near the $0.94 support zone, signaling that selling pressure may be easing. 

Traders are watching closely, as this level could prove pivotal for determining the next phase of price action.

Source: BitGuru’s X Post

If the buyers step in at this level of support, the price of the token may experience some relief by moving to the levels of $0.98 to $1 in the near future. 

This would be a short-term relief move, but it would be part of the overall downtrend. Traders are looking at the volume and sentiment to determine whether the price of the token will recover or continue to decline.

Also Read: SUI Finds Stability After Rejection as Buyers Eye Toward $0.98 Resistance

Momentum Indicators Reinforce Bullish Price Trajectory

According to TradingView, the RSI is at 56.17, increasing slightly above the 50-neutral point. This is a result of a steady rise from the recent lows observed on the 23rd. 

Although the RSI is increasing and indicating a bullish market, it still has a lot more room to rise before the current prices face a technical exhaustion point.

Source: TradingView

The MACD indicator also indicates a bullish crossover as the blue line rises above the orange signal line. This is also confirmed by the histogram as it moves into the green region at 0.00488, implying a fall in selling pressure. 

Although the lines are still below the zero mark, the rising nature of the lines suggests that buyers are slowly gaining control over SUI.

Hashi Brings Institutional Bitcoin to Sui Blockchain

Apart from this price movement, Eman Abio, a crypto expert, was a guest on Laura Shin’s podcast, Unchained, where he talked about how Hashi is looking to open the doors for institutional Bitcoin adoption. 

This is being done by addressing issues that will make it easier for them to invest in advanced financial models.

Source: Sui’s X Post

Building on Sui, a high-performance blockchain network and a layer-1 blockchain, Hashi is working toward developing scalable Bitcoin applications with low latency and parallel execution. 

This could potentially allow institutions to access lending, yield, and DeFi while maintaining security and compliance. The partnership further cements Sui’s position as a major player within crypto finance and the future of Bitcoin adoption.

This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.

Also Read: SUI Clean Accumulation Pattern Signals Possible Move Toward $20