SUI has been navigating a broad downtrend on the 4-hour chart, but recent price action shows a clear transition into a consolidation phase. According to BitGuru, selling pressure is easing, and sustained holds above recent range lows could open the door for a short-term rebound.
Earlier in the year, SUI experienced a strong impulsive move upward, clearing liquidity above previous highs, but this rally quickly reversed, marking the start of a lower high–lower low sequence. Supply zones repeatedly capped bullish attempts, pushing prices lower and confirming a bearish market structure.
Source: X
The consolidation phase is visible through tighter candles and reduced volatility around the $1.40 region. This range indicates a balance between buyers and sellers, with demand defending the lows while supply limits further advances. SUI has recently started to edge higher from this support, hinting at a potential corrective bullish move.
However, this upside remains cautious; a clear breakout above the previous range high is needed for any meaningful trend reversal. Until that happens, the market remains bearish-to-neutral, with traders closely watching this consolidation as a decision zone.
Also Read: SUI Defends Key Support at $1.38 as Buyers Eye $1.44–$1.46 Breakout
SUI Weekly Chart Shows Broader Corrective Bias
On the weekly chart, the SUI/USD pair is well below the mid-2025 trend and is currently priced at $1.43. The critical moving averages are above the stock price: 20-week EMA around $2.27, 50-week EMA around $2.61, and 100-week EMA around $2.21.
The close proximity of the EMA indicates that sellers remain in control, and hence progress in the stock price will stop until the stock price closes above the 20-week EMA on the weekly chart.
The price pulled back into the support range of $1.20 to $1.30, where the buying interest prevented further decline. However, the relief rally has been weak and corrective rather than a strong move upwards, which would have indicated optimism on the part of the buyers.
Source: Tradingview
In this case, the RSI is about 34, meaning that the declining momentum is slowing down, although there is no indication of increasing momentum yet.
The MACD is still negative, and there is no confirmed crossover at this stage. As a result, a new phase of growth has not been initiated yet. The traders should be cautious and keep a keen eye on the resistance at $1.60-$1.80 and supports at $1.20-$1.30.
The price formation in SUI indicates the market is under constant selling pressures, while there seems to be some defensive buying in the market. It is quite possible that short-term buying could take place, but there is no end to bearish tendencies yet.
Also Read: SUI Consolidation Suggests Recovery to $1.56
