Sui (SUI) is trading near $0.7246, up 0.33% on the day, with a market cap of approximately $2.97 billion and a circulating supply of 4.09 billion SUI. According to CoinGlass data, the token has seen 24-hour futures volume of $607.97 million, spot volume of $104.45 million, and open interest of $581.34 million, indicating active trading as the price remains compressed below a descending trendline.
The key level to watch is $0.7641. A confirmed 4-hour close above that level on Binance would signal a break of the multi-week descending trendline resistance. In that scenario, traders may look toward $0.9564 as the next resistance, followed by the psychological $1.00 level. On the downside, a close below $0.6510 could bring $0.5670 into focus.
Liquidation data shows that leveraged longs have already faced heavy pressure. Over the past 24 hours, $525,940 in long positions were liquidated compared with just $75,160 in shorts. However, the shorter 4-hour window shows a shift: $11,050 in short liquidations versus only $3,780 in longs, suggesting some squeeze on sellers near resistance. On Binance, top traders hold a 72.5% long bias with a 2.63 long/short ratio, while retail traders are 66.9% long, and the taker buy/sell ratio stands at 1.22.
Technically, the daily MACD histogram is near zero, signaling flat momentum, while the Stochastic reading of 13.59 places SUI in deeply oversold territory. Bollinger Bands show the price drifting toward the lower half of the range. Analyst Ali Charts noted that the TD Sequential indicator is flashing a buy signal on the SUI daily chart, pointing to a potential 1–4 daily candlestick rebound or the start of a new bullish countdown. Still, analysts caution that spot volume on Binance, around $41.3 million in recent sessions, may not be enough to fuel a breakout without fresh catalysts. The 200-day moving average sits at $0.85, a level that would need to be reclaimed for a more structural trend reversal.
