#SUIUSDT Technical Analysis: Momentum Slows as Bulls Test Key Resistance Levels

$SUI is currently navigating a pivotal technical zone just below the $4.12 resistance level, with the broader trend still favoring the bulls — but signs of exhaustion are starting to appear.

SUI has been forming higher lows, maintaining a bullish market structure. However, momentum indicators now suggest that traders should proceed with increased caution.

The MACD is showing a subtle shift in sentiment. Although the MACD line remains above the signal line, the histogram has been narrowing, indicating that bullish momentum is fading. This loss of momentum doesn’t necessarily signal an immediate reversal, but it does suggest that #SUİ might need a strong breakout catalyst to push decisively above $4.12.

Meanwhile, the Relative Strength Index (RSI) has flattened out in neutral territory after a steady climb, pointing to market indecision. The RSI is not yet overbought, which gives bulls room to run, but it’s no longer accelerating upward — another sign that the rally may be taking a breather.

Support at $3.71 remains critical. A break below this level could expose SUI to further downside toward $3.65 and potentially $3.38. On the upside, reclaiming $4.12 with strong volume could open the path to $4.71 and $4.78 — areas where prior selling pressure emerged.

The Exponential Moving Averages (9-day and 20-day) still support a bullish trend, with the 9 EMA holding above the 20 EMA. However, the slope of both lines has begun to flatten, hinting that the current trend may be losing strength. This convergence of moving averages often precedes a period of consolidation or a potential reversal if support levels fail to hold.

🔄 Trade strategy outlook: Long positions could look for a confirmed breakout above $4.12 with a tight stop just below $3.71. Conversely, short setups might emerge on a breakdown below the $3.65 zone, especially if accompanied by weakening momentum across indicators.

Read the full analysis on www.ecoinimist.com.