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SUI is expected to rebound after sending a strong buy signal in the TD sequence

2026-09-04 18:34:01
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SUI was trading around US$0.7246, and traders were closely watching the confirmed breakthrough of US$0.7641

TD Sequential sent a daily buy signal to provide support for the short-term rebound outlook. If it breaks through US$0.7641, the target will look towards US$0.9564 and US$1; while a break below US$0.6510 may trigger further declines.

Sui Network (SUI) shows initial signs of potential recovery after weeks of selling pressure. The token is currently trading at approximately $0.7246, allowing traders to focus on nearby resistance levels. Although market momentum remains weak, multiple technical indicators suggest sellers may be losing control. In addition, a TD Sequential buy signal has appeared on the daily chart.

SUI needs to break through the US$0.7641 resistance

After facing continued resistance for several weeks, SUI has difficulty building up momentum. The current token price fluctuates around US$0.7246, with a daily increase of approximately 0.33%. Trading activity remained strong, with futures volume reaching US$607.97 million in 24 hours. Spot trading volume was US$104.45 million, and open contract positions were close to US$581.34 million. These data indicate high market participation near current prices. However, strong trading activity did not lead to a confirmatory breakthrough. The most important resistance level is currently at $0.7641.

If the price closes firmly above $0.7641 on Binance's four-hour chart, a breakthrough in the downtrend line will be confirmed. Such a breakthrough could expose the next resistance level of $0.9564. Later, bulls may focus on the psychological $1.00 threshold. The integer mark usually attracts more attention from traders, so the move towards the dollar could quickly become the focus of the market.

SUI still faces significant downside risks below current prices. If the closing price falls below $0.6510, the recovery will be weakened. This weakness may push the token price further to the next support level near $0.5670.

Clearing data also highlights the pressure faced by leveraged traders. In the past 24 hours, long positions have been cleared as high as US$525,940, while short positions have been cleared as only US$75,160. This imbalance suggests that leveraged buyers have already suffered significant losses. Many traders try to predict bottoms without confirmation, but recent four-hour data presents a slightly different picture: short liquidations reached $11,050, while long liquidations were only $3,780.

TD Sequential indicator gives bulls reasons for optimism

Although the daily technical pattern is still compressed, there are several signals worthy of focus. The MACD histogram is close to the zero-axis, showing limited kinetic energy. Buyers and sellers seem evenly matched around current prices. Stochastic indicators provide a more positive signal.

The SUI's stochastic indicator reading is about 13.59, putting the token deep in the oversold area. When selling pressure abates, oversold conditions can support a short-term rebound. However, traders still need to wait for confirmation signals before announcing a larger trend reversal. Bollinger Bands also show that SUI is moving down the range. Prices are far away from the Bollinger Band, reflecting weak momentum.

Analyst Ali Charts recently pointed to another potentially positive development: the TD Sequential indicator sent a buy signal on the SUI's daily chart. The signal provides bulls with another reason to monitor the token closely.

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