Sui (SUI) Shows TD Sequential Buy Signal: Critical Resistance Zones Ahead

Key Takeaways

• SUI currently trades near $0.7246, posting a 0.33% daily gain with total market capitalization at $2.97 billion
• The token faces critical resistance at a descending trendline near $0.74, where selling pressure appears to be weakening
• Breaking decisively above $0.7641 could establish a pathway toward $0.9564, followed by the key $1.00 psychological barrier
• Over the previous 24-hour period, long position liquidations totaled $525,940 compared to only $75,160 in short liquidations
• Market analyst Ali Charts identifies a TD Sequential buy signal appearing on the daily timeframe, suggesting a possible 1–4 candle reversal pattern

---

The Sui (SUI) token is currently changing hands at roughly $0.7246, reflecting a modest 0.33% increase for the trading session based on CoinGlass metrics. With 4.09 billion SUI tokens in circulation from a maximum supply of 10 billion, the cryptocurrency maintains a market valuation of $2.97 billion.

Derivatives trading volume reached $607.97 million during the past day, while spot market volume registered $104.45 million and total open interest stands at $581.34 million. These figures indicate substantial trading activity at current price levels, despite SUI’s prolonged consolidation beneath overhead resistance.

Traders should focus attention on the $0.7641 threshold. A sustained 4-hour candle closure above this mark on Binance would validate a breakthrough of the downward-sloping trendline that has constrained upward movement for several weeks.

Should this breakout materialize, the subsequent resistance zone emerges at $0.9564, with the psychologically significant $1.0000 level following as the next major hurdle that typically draws heightened trader interest.

Conversely, a definitive close beneath $0.6510 would activate downside targets near $0.5670.

Liquidation Metrics Reveal Long-Side Dominance

Recent liquidation statistics from CoinGlass demonstrate that bullish positions absorbed the majority of losses. Over the preceding 24 hours, long liquidations reached $525,940 versus merely $75,160 in short liquidations, reflecting a substantial imbalance that indicates leveraged bulls have already faced significant losses attempting premature bottom calls.

Examining the most recent 4-hour window reveals a modest shift in dynamics, with $11,050 in short liquidations outpacing $3,780 in long liquidations, suggesting that bearish traders positioned near resistance levels are beginning to experience pressure.

On the Binance platform, elite traders maintain a pronounced 72.5% long bias, translating to a 2.63 long-to-short ratio. Retail market participants display similar sentiment at 66.9% long positioning. The taker buy-to-sell ratio registers at 1.22, indicating persistent buying activity entering the marketplace.

Despite this bullish positioning, SUI has struggled to establish a decisive close above the $0.74 threshold.

Technical Analysis Shows Consolidation Pattern

The MACD histogram on the daily chart currently hovers around zero, signaling neutral momentum conditions. Bulls and bears appear balanced at present price levels.

A Stochastic reading of 13.59 places SUI firmly within oversold territory, presenting one indication that an upward rebound may develop before additional downside materializes. Bollinger Band analysis reveals price action gravitating toward the lower boundary rather than the upper range.

Market analyst Ali Charts highlighted via social media that the TD Sequential indicator has generated a buy signal on the SUI daily chart. According to his assessment, this signal implies the recent pullback may be approaching conclusion, with potential for a 1–4 candle recovery or the initiation of a fresh bullish countdown sequence.

Spot trading volume on Binance measured $41.3 million in recent sessions, which market observers characterize as insufficient momentum for a significant breakout absent fresh catalysts.

The 200-day moving average currently resides at $0.85, representing a critical level that must be recaptured before any sustainable trend reversal can be validated.

The post Sui (SUI) Shows TD Sequential Buy Signal: Critical Resistance Zones Ahead appeared first on Blockonomi.

Source: https://blockonomi.com/sui-sui-shows-td-sequential-buy-signal-critical-resistance-zones-ahead/