- SUI struggles below $4 resistance amid bearish RSI divergence and short-term weakness.
- Strong network fundamentals boost SUI, with TVL rising 70% to $2.06 billion recently.
- User growth surges 35%, signaling accelerating adoption and potential price rallies ahead.
Sui (SUI), an emerging altcoin, is currently at a critical price point that could shape its near-term future. Trading around $3.88 as of press time after a 3.05% earlier dip, SUI is fighting against the significant $4 resistance level. This holds the altcoin at a crossroads, with technical indicators and fundamental metrics painting a mixed picture.
Trader_XO Signals Caution, Points to Bearish Technicals for SUI
Trader_XO, a well-known analyst, remains cautious in the short term. He highlights that SUI faced a firm rejection at the $4.24 resistance, slipping to $3.68. A bearish divergence on the RSI shows that upward momentum is fading. Unless SUI can convincingly reclaim the $4 level, he expects a deeper correction. The key support levels to watch are $2.83 and $1.83.
Besides, the price structure suggests short-term weakness. Trader_XO believes that if SUI fails to close above $3.92–$4.00, the bearish trend may extend into Q2 and Q3.
Consequently, he has entered a short position near the recent highs, anticipating better long opportunities later. Despite this, he maintains that reclaiming $4 could quickly shift market sentiment and spark broader altcoin strength.
Strong SUI Network Fundamentals Offer Bullish Counterpoint
On the other hand, analyst Michael Van de Poppe offers a bullish outlook, supported by strong network fundamentals. He notes that SUI has recently formed higher highs, a sign of continued strength in the macro structure.
Most importantly, the SUI TVL has surged to $2.06 billion, up 70% over the past month. This near all-time high indicates robust investor confidence and ecosystem engagement.
Furthermore, the network’s growth is driven by the adoption of tokens like WAL and DEEP. WAL, in particular, has emerged as one of the top-performing assets among the top 85 DePIN protocols. These developments are expanding SUI’s ecosystem significantly.
Adding to the bullish case, analyst Torero Romero shared that SUI’s total accounts have now reached over 190 million. This marks a 35.24% increase in just 30 days. More users completing their first transactions suggests accelerating adoption, which could support future price rallies.
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