SUI Keeps Bullish Structure Above Moving Averages
Sui is still strong, trading above its MA-20, MA-50, and MA-200 levels. This alignment makes a bullish setup even stronger in the short, medium, and long term. Investors say that keeping these positions up makes them more sure that the structure will stay strong.
Even though the price rise was small, people in the market think that its position above key averages is important. The overall technical outlook stays positive as long as support levels stay in place, which keeps buyers hopeful.
Robinhood Listing Fuels September Rally
The listing of Sui on Robinhood on September 19 made it available to millions of retail traders in the US and Europe. Along with Bitstamp’s liquidity support and more institutional money coming in, this move made adoption much more likely.
The rise in futures open interest and the total value locked exceeding $2 billion added to the momentum. These changes show that people are becoming more confident in Sui’s ecosystem. This is because of new tokenomics features like fee burns, staking rewards, and buybacks.
Resistance Forms at $3.71 as Buyers Face a Test
Dynamic resistance is now at $3.71, which is an important level that has stopped recent attempts to go up. To keep control of the bullish market, buyers need to break through this ceiling with confidence.
If it doesn’t break higher, momentum could slow down and prices could stay in the same ranges. Traders say that a clear breakout above $3.71 would change people’s minds back to being very bullish.
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Mixed Momentum Indicators Create Market Uncertainty
The technical readings show a mixed picture. The MACD shows that the market is bullish, but the ADX shows that the overall trend strength is weak across sessions.
At the same time, RSI and CCI stay neutral, so it’s not clear which way the market is going. The Stoch RSI shows when stocks are overbought or oversold during the day, and the Awesome Oscillator shows when there is selling pressure, which makes it even harder to predict momentum.
SUI Stuck in Sideways Pattern: $3.71 Break Needed for Bullish Shift
Even though it has made small gains every day, SUI is still stuck in a sideways pattern, which suggests that traders are being careful. The next sessions should see prices between $3.29 and $3.32, with less than a 20% chance of going up.
Analysts say that unless $3.71 is broken with conviction, the baseline outlook is sideways to slightly bearish. If it breaks below $3.54, the risk of speeding up toward lower downside targets would go up.
Expert Views Highlight Cautious Optimism
Anton Kharitonov from Traders Union says that the listings on Robinhood and Bitstamp are two of the biggest reasons why people are using them. But he warns that the chances of a big rise are low because momentum indicators are sending mixed signals.
He stays on the defensive until SUI breaks through the $3.71 resistance level. He thinks that in the near future, the most likely outcome is either more consolidation or a small drop.
Sui Secures Google AI Payments Deal; Consolidation Seen as Prep Phase
Recent reports stress how appealing Sui is to organizations, such as when it was chosen to be the launch partner for Google’s new AI payments system. This shows that it has more potential, even though it is facing technical problems in the short term.
Even though the momentum seems to be mixed, partnerships with institutions and easy access for consumers make things easier. So, the consolidation phase could be thought of as a way to get ready for a stronger move in the long run.
