- SUI is currently trading at $1.00.
- The price is testing lower support levels.
The red light across the charts is the mood of the market. If the bear hold tightens, the momentum of the digital assets weakens further. Among the altcoins, SUI registered a 4% loss in value.
The asset is currently trading at $1.00, with the trading volume reaching $832.436 million. SUI’s 24-hour range is between $0.9956 and $1.06, and its seven-day range falls between $0.9609 and $1.14.
With SUI’s bearish momentum, the price could see more losses, and it is likely to fall to find its key support at $0.88. The death cross might take place as a strong downside correction occurs. This would trigger the asset’s price to retest the previous lows and slip to the $0.70 range or even lower.
Upon a reversal, the SUI price action might initiate the bulls to take charge, to climb to the nearest resistance at around $1.12. If the upside pressure is increasingly resilient, the golden cross could emerge. Eventually, the momentum may take the price above the $1.20 mark.
Momentum Appears Weak on SUI’s Technical Chart
The Moving Average Convergence Divergence (MACD) line is below the signal line, and both are below the zero line. This crossover signals strong bearish momentum in an established downtrend. Being below the zero line confirms the overall market trend is down.
Falling below the signal line indicates that short-term selling pressure is picking up, making negative momentum even stronger. This is typically a short signal as the SUI price is likely to continue dropping or test lower support levels.
Furthermore, the daily Relative Strength Index reading of 39.90 signals moderate bearish momentum with sellers holding the advantage, though it is not yet in oversold territory. Sitting below the 50 mark indicates that downward price pressure currently outweighs buying interest.
While it shows selling weakness, it remains above the 30 threshold; the asset is not technically oversold yet. A breach below 30 hints at an extreme selling wave, while a move back above 45–50 would suggest selling pressure is fading for SUI.
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