Sui Price Dips 6% After 4H 200MA Rejection: Is $1.80 Still in Play?

TLDR

• Sui price fell 6.63% in the past 24 hours, continuing a weekly decline now exceeding 8% from earlier highs.
• The token showed multiple failed attempts to reclaim $1.50, dipping to intraday lows near $1.43 during the session.
• Trading volume rose by 9.14%, signaling strong market activity, though it failed to stop the bearish trend.
• The Sui price broke below local range lows, suggesting a liquidity grab with a possible rebound if levels are reclaimed.
• Technical charts show strong resistance at the 4H 200MA, with potential upside toward $1.80 if this level is cleared.

Sui, an L1 blockchain that operates fast and at low cost, has hinted at a new movement for its native token. During today’s Asian trading session, Sui Price opened its market with a value of $1.44, extending a dip that started earlier. This trend has continued to hold strong as the Sui price sees a weekly dip above 8%.

Sui Price Falls 6.6% in 24 Hours as Downtrend Persists

According to the latest CoinMarketCap data, the Sui price has dropped sharply over the past 24 hours, falling by 6.63% to $1.46 at the time of press. The price chart shows a steep decline beginning shortly after a stable range near $1.56 was maintained earlier. The SUI price continued to decline steadily through the night with multiple failed attempts to recover above $1.50. Every rebound attempt was short-lived as downward pressure pushed the Sui price to intraday lows near $1.43.

Despite brief consolidation phases, the Sui price struggled to regain bullish momentum across most of the observed period. Trading volume increased by 9.14%, indicating high activity during the drop, but failed to reverse the downward trend. The Sui price eventually showed a slight recovery near the end, climbing modestly from its lowest point. However, overall price action remained bearish, reflecting sustained selling pressure throughout the 24-hour session.

SUI Tests Liquidity Zone After Rejecting 4H 200MA

Despite the ongoing dip, market analysts have hinted at potential changes in the market. According to an observation prepared by Daan Crypto Trades, SUI has been consistently rejecting the 4H 200MA, showing strong resistance around that level. Recent price action indicates that the Sui price has broken below local range lows, suggesting a potential liquidity grab.

A sharp wick below support was followed by a quick rebound, keeping SUI within a key trading range. Volume increased sharply during the drop, signaling active market participation at the liquidity zone below the previous support level. If the Sui price reclaims the broken range lows, a short-term bounce could form within this consolidation area.

The price chart indicates that the 4H 200 EMA will serve as the next resistance if SUI clears the 200 MA level. Upside potential exists in the $1.80 region, although confirmation of strength above both moving averages is required. So far, the Sui price remains below both the 4H 200MA and the 4H 200EMA, reflecting bearish market conditions. The overall trend shows pressure, but volume and structure suggest potential short-term reversals in Sui price movement.

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