SUI continues to trade within a developing structure where buyers and sellers assess a fragile support zone and weakening momentum. Market participants monitor the token’s attempt to stabilize as broader performance metrics reveal sustained pressure.
- •SUI forms a developing base while traders evaluate resistance levels that may shape a possible move toward the projected upper range.
- •Derivatives markets lean long despite broader timeframe losses and reduced volume, creating a mixed short-term trading landscape.
- •Price weakness persists across several timeframes, yet accumulation pockets remain important for determining the next directional phase.
Accumulation Structure and Projected Levels
Crypto GVR (@GVRCALLS) shared a chart proposing potential upside levels between $2.5 and $3 if SUI maintains its accumulation phase. The token currently trades near $1.61 after a period of sustained decline. The projection outlines a guided path where price gradually advances through layered resistance.
SUI recently established a local low around $1.6121, positioned above a broader floor near $1.0953. This area has acted as an accumulation pocket following the downtrend that developed after the $3.7100 swing high. The chart illustrates a drawn rebound arc that reflects a gradual recovery structure rather than aggressive upward movement.
The first major challenge sits at the $2.4814 resistance band. The chart suggests that SUI must break this zone to approach the upper target range. This level corresponds to previous supply, making trading activity and volume strength important factors for further progression.
Current Market Performance and Downside Pressure
History of price action depicts SUI attempting to regain a positive momentum and a series of time frames indicating observable weaknesses. Short term performance shows a -1.14% decrease in 4 hours and a movement of -4.29% in 24 hours. These figures extend the continuation of earlier pressure.
The weekly window shows a mild +4.30% shift, though longer windows reinforce persistent downside structure. The 30-day performance sits at -18.66% and the 90-day reading at -52.31%, with the token also down -60.91% year-to-date. These metrics point to prolonged periods where selling outweighed periodic rebounds.
Despite this, the $1.60–$1.62 region functions as a key pivot. A break beneath this level could delay or invalidate any recovery structure, while stability may allow the token to continue forming higher supports within the broader range.
Derivatives Positioning and Market Activity
Long/short ratios present an opposite tone to spot market weakness. Binance shows a long ratio of 2.2841 among accounts, while top-trader data increases this to 2.4795. OKX also displays a 1.46 long bias. These metrics show that derivatives traders maintain expectations for a potential rebound.
Trading volume tells a different story, with Binance SUI/USDT volume dropping -32.02% to approximately $367.58M. Reduced volume during decline phases often reflects caution as traders wait for clearer signals. Liquidation data shows mixed sentiment. Hourly rekt values record $145.93K in long liquidations against $179.15K in shorts, while the 4-hour range remains balanced. This distribution indicates a market hesitant to commit decisively, keeping volatility a possibility as price interacts with key levels.