SUI drop to $0.90 wit $330M volume as sell signals still dey
SUI dey trade around $0.9039, e don fall 3.21% for 24 hours, with volume pass $332.86M. The token dey under all major moving averages and technical indicators still dey skew to “sell,” even though e get small 30-day gain of about 4.16%. Volatility dey relatively low, and Fear & Greed Index near 26 (people dey cautious).
Price structure still weak. After e fail to break $1.95 resistance, SUI slide under $1.50 for January and later comot $1 level. Traders dey watch the ~$0.87 support zone; short-term bounces never flip the broader trend yet.
Network activity dey improve, with more daily active wallets and registrations, but the latest update talk say this growth never turn to sustained price strength—SUI still dey move with the broader market.
Forecasts split: some models dey project higher upside toward 2026, while conservative trackers estimate much lower levels (including around $0.88 or $0.70). Net-net for traders: SUI sentiment fragile, downside risk remain the base case near key supports.
Bearish
Both articles dey agree for di same trading setup for SUI: price dey weak and technicals dey favour sell side even as network activity dey improve. Di earlier summary talk say sentiment dey extreme/very bearish and mention nearby support/resistance levels; di later update add current real-time context (around $0.90, $330M volume) and confirm say SUI still dey below major moving averages with volatility no don expand into sustained reversal yet.
Short term, if e fail to reclaim key resistance and downside bias continue, traders go focus on support wey suppose hold near ~$0.919, ~$0.906, and especially di ~$0.87 zone wey dey di 4-hour chart. If dem break those supports e fit accelerate bearish momentum. Long term, user growth na positive fundamental, but latest takeaway na e never cause sustained price strength yet, so rallies fit face selling pressure until SUI show clear trend reversal (for example reclaim key levels and flip moving-average structure). Forecasts dey vary, but lack of immediate market confirmation dey tilt near-term outlook bearish.