SUI Stabilizes Around $1.55: Will Resistance at 200MA/EMA Hold or Break?
TLDR:
- SUI forms higher high and higher low, indicating short-term bullish structure.
- $1.55 acts as strong support, anchoring recent price stability.
- 4H 200MA/EMA creates resistance, must break for continuation toward $1.80.
- Ecosystem activity rises, TVL surpasses $1B, institutional interest adds momentum.
SUI has recently stabilized around the $1.55 support zone after several volatile trading sessions.
The asset’s price action shows a higher high and a higher low, suggesting that buyers are maintaining control near this crucial area.
Traders are closely watching whether SUI can hold above this high-volume node, as it represents the key level for sustaining short-term momentum.
Despite ongoing market fluctuations, SUI has attracted renewed activity and liquidity. The focus is now on immediate resistance levels, particularly the 4H 200MA and EMA.
Price has tested these moving averages multiple times but has not yet cleared them, leaving the market in a wait-and-see scenario. A breakout above these averages could define the next leg of upward movement.
Technical Patterns Point to Critical Resistance
Daan Crypto Trades highlighted SUI’s current technical structure, noting the importance of the $1.55 support zone.
According to his observations, the higher high and higher low pattern indicates that buyers are defending the area effectively. However, the 4H 200MA and EMA have capped price so far, creating a resistance barrier that traders are monitoring closely.
SUI’s price action suggests that breaking above the moving averages could open the way toward the $1.80 region.
Traders see this as a potential continuation level, with the 200MA and EMA forming a critical threshold. Each test of these moving averages helps establish their significance in the near-term market structure.
Until price decisively breaks the moving averages, SUI remains confined within its current trading range.
The short-term outlook will depend on whether bulls can overcome the resistance or if the asset reverts to consolidation near the $1.55 support.
Ecosystem Momentum Supports Price Stability
Michaël van de Poppe noted that SUI is benefiting from renewed ecosystem activity. Liquidity is returning to assets that performed strongly last year, and SUI is among those seeing increased participation.
The total value locked (TVL) in SUI briefly rose above $1 billion, indicating a healthy level of engagement.
Institutional interest is also contributing to stability. Van de Poppe mentioned that Vanguard has included SUI in products offered to clients, giving the token broader exposure.
Additionally, SUI recently tested higher-timeframe support and reacted positively, reflecting renewed market interest.
The gap between the 20-week moving average and current price leaves room for potential upward movement.
Observers are monitoring how broader market sentiment, including Bitcoin trends, may affect whether SUI can overcome the 200MA and EMA resistance to extend its current structure.
The post SUI Stabilizes Around $1.55: Will Resistance at 200MA/EMA Hold or Break? appeared first on Blockonomi.
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