SUI Price Remains Range-Bound Amid Stagnant Demand and Rising BTC Dominance

SUI crypto is predicted to remain range-bound between $2 and $3 as stagnant spot market demand continues to weigh on its recovery, despite bulls defending the key $2 support level since March. The report highlights that rising Bitcoin dominance, which surged to 64%, may limit SUI’s potential for a strong recovery in the near term. Technical indicators, including the Accumulation/Distribution index and the RSI falling below neutral levels, point toward a cautious outlook despite occasional signs of renewed interest. Chart analysis on the 12-hour timeframe, validating support levels and key resistance from the 50-EMA, suggests that SUI could consolidate within its current price range. Although there is an indication of potential upside if the RSI rallies above neutral, overall market conditions dominated by increased BTC dominance and fluctuating derivative activity are likely to maintain the current subdued momentum.