SUIPricePrediction

Nasdaq has filed a request for the cryptocurrency asset manager 21Shares to list an exchange-traded fund (ETF) of Sui in the U.S., starting the review process by the Securities and Exchange Commission (SEC). The SEC must decide on the request by January 18, 2026.
💥 Impact on the price of $SUI : The price of SUI has shown signs of recovery following the ETF presentation on Nasdaq. It is expected to reach a new all-time high of USD 7.56, which would represent an increase of more than 100% from the levels.

The Sui Network (SUI) token is at the center of a high-stakes tug-of-war as it struggles to maintain the $3.00 level amid mounting short positions and speculative pressure. According to blockchain analytics platform OnChain Lens, Abraxas Capital recently capitalized on the broader crypto correction by opening heavy short positions on SUI, alongside Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Hyperliquid (HYPE), using the HyperLiquid exchange. These shorts, taken via two active wallets, suggest that the firm is bracing for a deeper plunge across major digital assets, including SUI. The impact has already been felt, with the token showing signs of either a potential breakdown or a sharp rebound.
SUI at a Technical Crossroads: Breakdown or Rebound?
SUI recently dipped to $3.00, a critical psychological and technical level. If bulls manage to defend this floor, analysts suggest the price could rebound toward $3.90 and retest the previous peak at $5.36. However, failure to hold this line could drive SUI down to $2.00 or even the $1.38–$1.50 support range observed in March and April.
Interestingly, the MACD histogram remains green, signaling that despite downward pressure, bearish momentum has yet to fully take over. The price structure still shows higher lows—a fragile bullish pattern that may indicate room for recovery if volume picks up.
$13.78M in Shorts Could Be Squeezed
A key factor contributing to market tension is the liquidation map, which reveals a cluster of high-leverage shorts—10x, 25x, and 50x—between $3.05 and $3.39. If SUI rises above $3.06, these shorts could be forced to cover rapidly, potentially sparking a violent short squeeze.
Below $3.06, however, there's also a buildup of long positions between $2.70 and $2.95, creating a risky battleground. If SUI drops further, long holders might start exiting en masse, leading to a cascading sell-off.
Dual Pressure Mounting in the SUI Market
The setup shows both camps—longs and shorts—poised for rapid action, making the token highly sensitive to small price shifts. Most traders currently appear biased toward further downside, yet the compressed positioning increases the odds of a whiplash-style reversal if market sentiment changes or shorts begin covering.
Market watchers say that Abraxas Capital’s recent leveraged strategy has added fuel to the volatility, and any sharp move in SUI could act as a catalyst for broader altcoin sentiment.
At press time, SUI remains under pressure near $3.00 with a technical setup that could swing dramatically in either direction, depending on how leverage plays out in the coming hours.
The post appeared first on CryptosNewss.com
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Key Points:
SUI price is down over 25% in two weeksPrice briefly dropped below $3, now at $3.02Bearish signals suggest a fall to $2.71 support
📉 SUI Price Fails to Hold $4.20 — What’s Next?
SUI tried to break $4.20 three times but failed. Since then, the price has dropped more than 25% in two weeks. On the 4-hour chart, SUI is in a falling channel, showing a bearish trend.
🛑 Death Cross Alert:
The 50 EMA has crossed below the 200 EMA
Also, the 100 EMA has moved below the 200 EMAThese are signs of a strong downtrend.

📉 Price Movement:
Hit a low of $2.88 last nightNow recovered slightly to $3.02, above the key $3 markThis bounce is from a local support line

📈 RSI Signal:

The RSI just bounced up from the oversold zone, hinting at a small bullish move. But overall, the trend is still bearish.
🔍 Key Price Levels to Watch
Support: $2.71 (50% Fibonacci level)Resistance: $3.00 short-term, $3.20 (falling channel top)
If SUI closes below $3, it could test $2.71 next. But a close above $3.20 might signal a bullish breakout.
📊 Derivatives Market Shows Bearish Pressure
Over $11 million in long positions were liquidated in 24 hoursShort liquidations are only $693K, showing bear controlOpen interest dropped by 2.4% to $1.39BLong/Short Ratio: 0.8843 (more short trades)

This data shows that traders expect more downside, and the market is preparing for a possible price drop.
🔮 SUI Price Prediction: Will It Hit $2.71?
If selling pressure continues, SUI may fall to $2.71. But if it holds above $3 and breaks $3.20, a short-term bounce is possible.
Disclaimer: This article is for informational purposes only and is not financial advice. Always do your own research before investing in crypto.

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