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SUI Faces Key Test at $4.30 as TD Sequential Sell Signal Remains Active
SUI must close above $4.30 to invalidate the TD Sequential sell signal on the daily chart.
Strong support at $3.75 and rising volume suggest potential for upward continuation if resistance breaks.
On-chain growth, including $1B in stablecoins, boosts Sui Network's DeFi utility and investor confidence.
SUI, the native token of the Sui Network, is currently showing mixed signals amid recent price fluctuations. While the asset has demonstrated strength above $3.75 support, it faces a critical resistance near $4.30. According to technical indicators, breaking this level is key to invalidating an active sell signal.
Technical Challenges and Sell Signal on SUI
According to analysis prepared by Ali Charts, the TD Sequential indicator has issued a sell signal on SUI’s daily chart. For this signal to be invalidated, SUI must close decisively above the $4.30 resistance level. The token last tested this resistance on May 15 before dropping 2.46% the next day.
The TD Sequential tool tracks price exhaustion and currently marks a nine-count sell setup. SUI’s price movements remain constrained below this level, and a confirmed breakout is needed to reverse the sell condition. Fibonacci retracement levels place important support zones at $3.36 and $3.75, which have held during recent trading sessions.
Despite a 1.55% dip over the past 24 hours, SUI remains near $3.73 with increased trading volume. CoinMarketCap data shows a surge in daily volume by over 90%, signaling active market participation. Open interest in SUI futures also climbed to $1.61 billion, indicating strong derivative activity around current prices.
Support Levels and Market Momentum
SUI recently confirmed a breakout from an inverse head and shoulders pattern after surpassing the $3.765 neckline, according to an observation by crypto analyst Emma. This pattern suggests potential for upward movement if support near $3.75 holds. Short-term targets include $4.10 and $4.20, with a breach above $4.00 possibly sparking a rally.
Source :Emma(X)
On-chain developments support the token’s outlook. The integration of the BitVM bridge and the introduction of Peg-BTC (YBTC) enhance the Sui Network’s utility, contributing to growing DeFi activity. Stablecoin supply on Sui has exceeded $1 billion, reflecting increased liquidity and user confidence.
As of this writing, SUI trades around $3.84, up 1.38% in 24 hours. Market watchers note that while some bullish momentum exists, the TD Sequential sell signal remains active until SUI decisively breaks above $4.30.
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