Sui Price Prediction: SUI Holds $3.30 as Traders Debate Channel Breakdown or Reversal
Sui (SUI) is trading near $3.31 today, stabilizing after testing fresh lows inside a falling channel that has capped price action through August. The token continues to face pressure from persistent exchange outflows, but a spike in social dominance and bullish commentary from analysts has kept traders alert for a reversal.
With technical compression tightening and on-chain flows turning negative, the next sessions could determine whether SUI breaks lower toward deeper supports or stages a rebound driven by speculative momentum.
Sui Price Struggles Inside Falling Channel
On the 4-hour chart, SUI remains locked inside a descending channel. Price is capped by upper resistance around $3.50–$3.60, while support is holding at $3.15. Each rally attempt in recent weeks has faded at the channel’s upper boundary, keeping momentum tilted bearish.
The exponential moving averages reinforce this pressure. The 20-EMA sits at $3.38, with the 50- and 100-EMAs clustered near $3.46 and $3.54, forming a dense supply zone. Unless SUI can close above these averages, upside potential will remain limited.
RSI stands near 41, reflectin…
The post Sui Price Prediction: SUI Holds $3.30 as Traders Debate Channel Breakdown or Reversal appeared first on Coin Edition.
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Sui Price Prediction: SUI Holds $3.30 as Traders Debate Channel Breakdown or Reversal
Sui (SUI) is trading near $3.31 today, stabilizing after testing fresh lows inside a falling channel that has capped price action through August. The token continues to face pressure from persistent exchange outflows, but a spike in social dominance and bullish commentary from analysts has kept traders alert for a reversal.
With technical compression tightening and on-chain flows turning negative, the next sessions could determine whether SUI breaks lower toward deeper supports or stages a rebound driven by speculative momentum.
Sui Price Struggles Inside Falling Channel
On the 4-hour chart, SUI remains locked inside a descending channel. Price is capped by upper resistance around $3.50–$3.60, while support is holding at $3.15. Each rally attempt in recent weeks has faded at the channel’s upper boundary, keeping momentum tilted bearish.
The exponential moving averages reinforce this pressure. The 20-EMA sits at $3.38, with the 50- and 100-EMAs clustered near $3.46 and $3.54, forming a dense supply zone. Unless SUI can close above these averages, upside potential will remain limited.
RSI stands near 41, reflectin…
The post Sui Price Prediction: SUI Holds $3.30 as Traders Debate Channel Breakdown or Reversal appeared first on Coin Edition.
Read More
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