- SUI trades near $0.7246 as traders watch $0.7641 for a confirmed breakout.
- TD Sequential flashes a daily buy signal, supporting prospects for a short-term rebound.
- A break above $0.7641 targets $0.9564 and $1, while $0.6510 risks further losses.
Sui Network — SUI, is showing early signs of a potential recovery after weeks of selling pressure. The token currently trades near $0.7246, leaving traders focused on nearby resistance. Momentum remains weak, but several indicators now suggest sellers could be losing control. A TD Sequential buy signal has also appeared on the daily chart.
SUI Needs a Break Above $0.7641
SUI has struggled to build momentum after facing persistent resistance for several weeks. The token currently trades around $0.7246, with daily gains sitting near 0.33%. Trading activity remains strong, with futures volume reaching $607.97 million over 24 hours. Spot volume reached $104.45 million, while open interest stood near $581.34 million. These figures show considerable market participation around current price levels. However, strong trading activity has not produced a confirmed breakout. The most important resistance now sits at $0.7641.
A four-hour Binance close above $0.7641 would confirm a descending trendline breakout. Such a breakout could expose the $0.9564 resistance level next. Bulls could then focus on the psychological $1.00 mark. Round-number levels often attract increased attention from traders. Therefore, a move toward $1 could quickly become a major market focus. SUI still faces meaningful downside risks below current prices. A close below $0.6510 would weaken the recovery setup. Such weakness could push the token toward the next support near $0.5670.
Liquidation data also highlights the pressure facing leveraged traders. Long positions accounted for $525,940 in liquidations during the past 24 hours. Short liquidations reached only $75,160 during the same period. The imbalance shows that leveraged buyers already faced significant punishment.Many traders attempted to anticipate a bottom before receiving confirmation. Recent four-hour data presents a slightly different picture. Short liquidations reached $11,050, while long liquidations totaled only $3,780.
TD Sequential Gives Bulls a Reason for Optimism
The daily technical picture remains compressed, but several signals deserve attention. The MACD histogram sits near zero, showing limited momentum. Buyers and sellers currently appear closely matched around current prices. The Stochastic indicator provides a more encouraging signal.
SUI’s Stochastic reading sits near 13.59, placing the token deep inside oversold territory. Oversold conditions can support short-term rebounds when selling pressure fades. However, traders still need confirmation before calling a larger trend reversal. The Bollinger Bands also show SUI trading toward the lower portion of the range.
Price remains far from the upper Bollinger Band, reflecting weak momentum. Analyst Ali Charts recently highlighted another potentially bullish development. The TD Sequential indicator has flashed a buy signal on SUI’s daily chart. That signal gives bulls another reason to monitor the token closely.
