Sui (SUI) presents divergent technical structures on its daily and weekly charts, with current token demand remaining weak and market rebound likelihood low.
Key Market Movements
- Trading Volume Surge: Sui's daily trading volume spiked by 66%, reaching $2.1 billion at press time, while SUI price rose 12.55% in 24 hours.
- Fibonacci Retracement: A 78.6% retracement level at $2.43 (marked in yellow) was successfully retested on June 22, demonstrating strong support.
👉 Why is Sui's trading volume skyrocketing?
Bitcoin's Influence
Bitcoin (BTC) rebounded from $101K to $106K on Monday, potentially offering ancillary momentum for Sui's recovery.
Weekly Chart Analysis
- A/D Indicator: Shows lower highs in 2025, confirming persistent sell-side pressure.
- CMF: Capital Flow Index at -0.08 signals notable capital outflow.
- MFI: Maintains bullish momentum despite recent pullback, suggesting weakened selling pressure.
Daily Chart Signals
- Bearish Structure: Evident since early June after breaching $3.12.
Critical Support Levels:
- $2.08 (white): Major support from March–April.
- $1.71 (green): Weekly swing low; breach would indicate bearish momentum.
Future Scenarios
- Bull Case: If BTC sustains above $100K and SUI rebounds near $3, further upside is likely.
- Bear Case: A drop below $1.71 would validate weekly bearish signals.
FAQs
1. What drives Sui’s price volatility?
Market sentiment, BTC movements, and ecosystem developments (e.g., DeFi adoption) are key factors.
2. Is $2.08 a reliable support level?
Historically, yes—it has held since Q1 2024, but macro conditions could alter its strength.
3. Should I invest in SUI now?
Conduct your own research (DYOR); this article doesn’t constitute financial advice.
4. How does CMF impact Sui’s trend?
Negative CMF values indicate capital outflow, often preceding price declines.
Disclaimer: This content is for informational purposes only and does not constitute investment advice.