SUI Price Near $4.21 as Heavy Liquidations Signal Upcoming Breakout
- SUI price trades at $4.21, with a 5.64% daily gain and a 24-hour trading volume spike to $2.14 billion.
- Heavy liquidation zones exist between $4.05–$4.12 (longs) and $4.40–$4.45 (shorts), signaling a potential breakout.
- The $14.56 billion market cap and increased trading activity point to imminent volatility as price consolidates.
Sui (SUI) was currently trading at 4.22 with a 5.62%increase in the past 24 hours and the market cap set at 14.56 billion. The level of trading stays high, with the 24-hour volume amounting to the sum of 2.14 billion dollars, showing a 23.05% rise. The observed market conditions highlight potential price movement occurring soon, with liquidation levels forming a highly competitive area that may trigger the intense volatility.
The SUI liquidation heatmap highlights substantial long liquidations stacked between $4.05 and $4.12. This range has emerged as a significant support level, where traders have heavily positioned themselves. Any downward movement into this zone could result in accelerated liquidations, triggering a quick price dip. Notably, the unlocked market cap of $14.55 billion shows that most tokens are actively circulating, which may amplify market reactions near these critical levels.
Short Liquidation Clusters Signal Breakout Potential Above $4.40
Above the current price, large clusters of short liquidations are building between $4.40 and $4.45, signaling potential breakout levels. A move through this resistance zone could cause rapid upward momentum as short positions are liquidated.
On the other hand, if price cannot recover from the vicinity of $4.30, bearish pressure might resurface, getting SUI closer to its intermediate support at $4.10. Price structure suggests tightening up and therefore likely to breakout or down soon.
Rising Volume Points to Upcoming Market Move
The 24-hour trading activity and liquidation heatmap point toward heightened volatility. High liquidity above and below the current price implies that position liquidity will fall as soon as the first side takes a hit, leading to a landslide of liquidations. The present price of $4.21 being within this range, traders are paying much attention to any definite actions above $4.12 or above 4.40 which would mark out the colour of the next movement.
The market is becoming tense with SUI falling inside a decreasing range. As sentiment turns and liquidity builds up, traders expect a sudden directional move to reestablish short-term momentum.
