• SUI price plunges 20.46% in the past 24 hours, reflecting strong bearish sentiment and waning investor confidence.
• Indicators turn bearish as RSI drops to 43.83, MACD crosses below the signal line, and red candles break key moving averages.
• Analysts highlight potential, forecasting a possible move toward the $7 resistance level if accumulation continues.

SUI is moving under sustained bearish pressure with a depreciation in its value due to decreasing investor confidence. Its price has decreased by 20.46% over the last 24 hours and 21.98% over the last week.

At the time of writing, SUI is trading at $2.75 with a market capitalization of $9.97 billion. However, its trading volume increased significantly by 341.58% to $4.31 billion, reflecting that the traders are hopeful about new positions despite the volatile market conditions.

Source: CoinMarketCap

SUI Performance Shows Signs of Weak Momentum

According to the data from CryptoRank, in 2023, performance started weak with consistent losses from May to October but rebounded sharply in November and December. The late-year surge helped offset earlier declines, ending the year around break-even or slightly positive. Overall, it was a recovery year, showing resilience after prolonged negative momentum.

Source: CryptoRank

In 2024, results were exceptional, with massive growth in January, September, and November driving a strong overall gain. Despite midyear drops between April and July, the year closed with a powerful rally. By contrast, 2025 has been volatile, mixing strong months like April and July with steep losses, leaving it a mildly negative year.

Also Read: SUI Explodes After Ethena Labs Partnership, Could Hit $9.01

SUI Gears Up for a Bullish Move Toward $7

A prominent crypto analyst, Ali, revealed that traders are growing increasingly bullish on SUI as the token shows signs of a potential breakout. With strong fundamentals, rising developer activity, and a tightening trading range, the setup presents what many consider an ideal risk-to-reward opportunity. Market sentiment suggests that it could be gearing up for a major move after weeks of consolidation.

Source: X

Developed as a high-performance Layer 1 blockchain, Sui remains attractive to investors due to its impressive scalability. Chart indicators suggest ongoing accumulation and building momentum. If the current momentum persists, analysts project that the token may soon make a push toward the $7 level, which will represent a huge step along its upward direction.

SUI Technical Indicators Hint at a Correction Ahead

On the weekly chart, SUI’s price indicates bearish pressure, as the recent red candle broke the 20-week and 50-week SMAs, just below $3.39 and $3.38. This selloff indicates a reversal from the recent uptrend towards potential consolidation or a bear mode. With the 200-week SMA in the neighborhood of $2.28 now marking key support, breaking it may precipitate further downside momentum.

Source: TradingView

Momentum indicators reinforce the bearish sentiment, as the RSI falls to 43.83, lower than the neutral 50 level, indicating waning buying momentum. Waning RSI momentum since mid-2024, as it trends to the downside. The MACD has turned negative as it moves below the signal line, and red histogram bars indicate increased selling pressure and a possible fall.

Also Read: SUI Price Builds Strength for Breakout Toward $10 After Year-Long Consolidation