SUI is currently under bearish pressure in the short term. The price is trading below both EMA 25 (≈0.984) and EMA 99 (≈1.00), which indicates weakness. The market has recently established a low of 0.964, which is currently an important support zone.
🔍 Technical Indicators
Trend: Bearish (Lower highs & lower lows)
RSI (6): ~35 → Near oversold, short bounce possible
Volume: Low → Waiting for volume is necessary for a strong move
📌 Key Levels
Support:
0.964 – 0.960 (Strong)
On breakdown: 0.940 – 0.930
Resistance:
0.985 – 0.990
1.00 – 1.02 (Major supply zone)
🎯 Trading Plan
Scalp Buy (High Risk):
Entry: 0.960 – 0.965 (on support rejection)
TP: 0.980 → 0.995
SL: 0.949
Sell on Rejection:
Entry: 0.985 – 0.995
TP: 0.965 → 0.950
SL: 1.010
🧠 Fundamental Note
SUI is a strong Layer-1 blockchain (fast, Move language, DeFi & NFTs focus). The long-term outlook is positive, but in the short term, volatility may remain high due to BTC dominance and market sentiment.
✅ Conclusion
Short term: Cautious / Bearish
Scalp trades only with confirmation
Strong project for long-term investors
