- Sui is approaching resistance at $4.76, with consolidation signaling a possible breakout or reversal.
- Bullish selloffs are outweighing bearish selloffs, while technical data shows mixed signals awaiting confirmation.
Sui (SUI) made headlines with a record total volume of $270 billion, with 90% of this growth occurring in 2024, demonstrating its massive adoption in the crypto market.
At press time, SUI was trading at $4.11, gaining 1.07% in a day. Sui’s next price movement depends on key technical levels and changing market dynamics.
Traders and investors are closely watching whether the token will break through its critical resistance or consolidate further. As 2025 approaches with growing optimism, this question takes on major importance.
SUI Price Action Analysis: A Breakout in Sight?
Sui finds itself at a critical juncture, testing the descending triangle pattern that has defined its recent price movement. Despite several attempts over the past month, the key resistance level of $4.76 remains unbroken.
The token consolidates near the top of the triangle, which usually precedes a breakout. However, if it fails to breach this level soon, it could lead to a bearish move towards $3.80, forcing the bulls to reevaluate their positions.
Source: TradingView
SUI social dominance analysis: a steady decline
Although Sui has seen unprecedented trading volumes, its social dominance has steadily declined, raising questions about market sentiment. For example, social mentions fell sharply, from 2.28% in October to just 0.33% at the end of December.
This decline suggests reduced community participation, reflecting a decrease in media hype or a shift in focus to other projects. However, less social dominance does not always indicate negative feeling. It could also signal accumulation by calmer market participants.
Source: Santiment
Technical indicators: rises and falls at the crossroads
Sui’s technical indicators reveal mixed signals, adding to market uncertainty. The average directional index (ADX) is at 18.53, indicating a weak trend and potential deadlock between buyers and sellers.
Meanwhile, the MACD shows a bearish crossover, suggesting a decline in bullish momentum. However, recent price consolidation could allow buyers to consolidate if market conditions improve.
Additionally, a confirmed breakout above $4.76 would likely invalidate these bearish signals, thereby providing clarity to traders.
Source: TradingView
SUI Liquidation Analysis: Bullish Resilience Persists
Liquidation data reveals stronger interest from bullish traders, with $149.03k in short liquidations versus $722.37k in long liquidations at press time. This imbalance highlights growing buyer confidence, despite the token’s resilience.
Additionally, long liquidations often indicate higher stakes from bullish positions, suggesting that traders are anticipating a price breakout.
However, if downside pressure increases, these selloffs could quickly shift market dynamics, highlighting the importance of near-term resistance levels.
Source: Coinglass
Is your wallet green? View the SUI Profit Calculator
Sui’s ability to break through the $4.76 resistance will determine whether it can maintain its bullish narrative in 2025. Based on its technical position and market sentiment, the token has the potential to gain bullish momentum if he crosses this critical obstacle.
However, failure to do so could lead to a period of consolidation or downward correction, requiring renewed efforts from buyers. All signs suggest that a decisive decision is near.
