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Sui (SUI) shows TD Sequential buy signal: Key resistance area ahead

2026-09-03 15:45:12
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Core Points

Liquidation indicators show long dominance

Technical analysis shows a consolidation pattern

SUI's current trading price is approximately US$0.7246, a daily increase of 0.33%, and a total market value of US$2.97 billion.

The token faces key resistance from the downtrend line around US$0.74. Selling pressure seems to be weakening.

A clear breakthrough of $0.7641 could open the way to $0.9564, followed by the key psychological level of $1.00.

In the past 24 hours, long positions have been liquidations totaling $525,940, while short positions have been liquidations of only $75,160.

Market analyst Ali Charts pointed out, The TD Sequential buy signal appears on the daily chart, implying a possible 1 - 4 candle reversal pattern

Sui Price

Sui (SUI) token is currently trading at approximately US$0.7246, up slightly 0.33% during the session, according to CoinGlass. Among the maximum supply of 10 billion pieces, 4.09 billion pieces are currently in circulation, and the market value of the cryptocurrency is US$2.97 billion.

In the past 24 hours, derivatives trading volume reached US$607.97 million, spot market trading volume was US$104.45 million, and total open interest was US$581.34 million. These data suggest that despite a prolonged consolidation of SUI below overhead resistance, there is still a lot of trading activity at current price levels.

Traders should focus on the US$0.7641 mark. On the coin table, if the 4-hour candle chart continues to close above this price, it will confirm a breakthrough of the downtrend line that has restricted upward movements for several weeks.

If this breakthrough comes true, the next area of resistance will appear at $0.9564, followed by the psychologically important level of $1.0000-which is usually the next major obstacle to attracting high attention from traders.

Conversely, if it closes clearly below US$0.6510, a downside target around US$0.5670 will be activated.

Liquidation indicators show long dominance

CoinGlass's latest liquidation data shows that long positions bear most of the losses. In the past 24 hours, long liquidations reached $525,940, while short liquidations were only $75,160. This significant imbalance suggests that leveraged bulls have suffered significant losses while trying to buy the bottom too early.

Looking at the recent 4-hour window, there has been a slight change in market dynamics. The short liquidation amount is US$11,050, exceeding the long liquidation of US$3,780, which indicates that short traders positioned near the resistance level are beginning to feel the pressure.

On the coin table, elite traders maintained a clear long bias, with a ratio of 72.5%, and a long-short ratio of 2.63. Retail investors also expressed similar sentiment, with long positions accounting for 66.9%. The active buy-to-sell ratio is 1.22, indicating continued buying activity in the market.

Despite this bullish position, SUI has struggled to achieve a decisive close above $0.74.

Technical analysis shows a consolidation pattern

The MACD histogram on the daily chart is currently hovering near the zero axis, indicating that momentum is in a neutral state. At current price levels, the long and short sides seem evenly matched.

A stochastic reading of 13.59 places SUI firmly in oversold territory, indicating a possible upward rebound before falling further. Bollinger band analysis shows that price trends tend to go downward rather than upward.

SUI: Buy on dips

Market analyst Ali Charts pointed out on social media that the TD Sequential indicator has generated a buy signal on the SUI daily chart. Based on his assessment, the signal suggests that the recent correction may be coming to an end, with a 1 - 4 candle rebound or a new bullish countdown sequence expected.

Spot trading volume on the coin has been US$41.3 million in recent trading sessions, and market observers believe that in the absence of a new catalyst, this momentum is not enough to achieve a major breakthrough.

The 200-day moving average is currently at $0.85, and this critical level must be regained before any sustainable trend reversal is confirmed.

Disclaimer:

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