- SUI’s 63% weekly surge sparks bull-bear clash as investors exit at $3.50 resistance.
- RSI cools from 80+ as SUI trading volume spikes 8.74% amid price dip.
- Open Interest drops 9.67%; sell-side liquidity rises on Spot and Futures markets.
SUI finds itself at the center of a tense standoff between buyers and sellers following a rapid price surge. Over the past week, SUI’s value climbed 63%, pushing it into the ranks of higher-market-cap assets and allowing previously underwater investors to exit at a profit.
Data from on-chain sources indicates that SUI’s rise coincides with measurable increases in network activity. The number of active accounts has expanded, stablecoin transfers into the ecosystem have risen, and the total value of assets locked within its decentralized applications has grown.
At the time of reporting, SUI traded at $3.53, down 8.74% from its recent high of $3.87. The Relative Strength Index (RSI), a gauge of momentum, previously exceeded 80—a level often interpreted as signaling overbought conditions.
While the RSI has since begun to decline, trading volumes tell a conflicting story: spot and decentralized exchange activity increased, with DEX volumes rising from $338 million to $437.6 million in 24 hours.
Further scrutiny of derivatives data reveals a 9.67% drop in Open Interest, signaling reduced leveraged positions. Concurrently, liquidity on exchanges has tilted toward sellers, hinting at growing caution. For investors, the coming days may test their resolve as they balance optimism over SUI’s network growth against the risk of a deeper price correction.
ETHNews analysts monitoring the 4-hour price chart note that SUI’s ability to hold above key support levels could determine its near-term trajectory.
SUI is currently trading at $3.54, showing a modest +0.17% daily gain, with a +32.65% increase over the past week, and a +50.56% surge over the past month. Over the last 6 months, SUI has climbed +79.87%, though it is still down -13.93% year-to-date.
On a yearly basis, SUI is up an outstanding +197.28%, with its all-time high sitting at $5.37. The current market cap is approximately $11.51 billion, with a 24-hour trading volume of $1.41 billion and a circulating supply of 3.25 billion tokens.
From a technical standpoint, SUI recently broke out from a bullish wedge pattern, confirming strong upside momentum. Resistance lies near $3.65–$3.80, where some traders are taking short positions, anticipating a correction toward $3.10–$2.90.
However, if SUI continues to hold above $3.40, a push toward the $4.00–$4.30 range could take. Indicators show a highly active and somewhat overheated RSI, but the price action remains in favor of bulls.
Fundamentally, SUI’s rise is being powered by rumors of Web3 gaming integrations, including speculative connections to Pokémon trading card projects, which have contributed to the sharp rally.
Backed by Mysten Labs (founded by ex-Meta engineers), the Sui blockchain positions itself as a high-speed, developer-friendly smart contract platform with strong DeFi and NFT potential.
