- SUI price retests key support, risking a drop to $2.80 if broken.
- Record 1,632 TPS and $143B DEX volume show strong long-term fundamentals.
- Traders remain cautious as liquidation levels signal fragile near-term sentiment.
Sui Network — SUI , shocked traders with a sharp 9% fall, sliding to $3.34 in one day. The market trembled as Bitcoin lost 2.90% and Ethereum plunged 6.95%, pulling sentiment lower. Yet many traders stayed alert, sensing that SUI’s next move could rewrite the short-term trend. The chart now resembles a tightrope walk, where one slip or surge decides the immediate path.
Price Holds a Fragile Balance
SUI retested an ascending trendline drawn from April 2025 for the third time. Previous visits to this line sparked strong rebounds, fueling hopes for another rally. If buyers guard this level, the token could climb 27% toward $4.33. Failure to defend the zone may send the price tumbling 16% to $2.80. Bollinger Bands added drama to the scene. The daily chart shows SUI hugging the lower boundary, an area that often signals exhaustion of selling pressure.
History hints at a possible rebound, as this setup triggered reversals several times since June 2025. Momentum indicators tell a softer story. The Average Directional Index reads only 14.65, exposing weak trend strength. Such low readings reflect a market waiting for a decisive spark. Traders describe the moment as calm before a storm, with every candle on the chart holding weight.
Fundamentals Offer a Bright Undercurrent
Beyond charts, the Sui Network flashes strong fundamentals. A vibrant community reported a record 1,632 transactions per second on September 19. This milestone paints a picture of a blockchain beating like a fast drum, pushing limits of speed and scalability. The network’s Decentralized Exchange volume also reached a record $143 billion, reinforcing a growing appetite for activity.
These achievements reveal an ecosystem that breathes innovation even when prices wobble. Spot Netflows from CoinGlass showed $24.85 million moving out of exchanges on September 22. Such outflows often suggest accumulation and reduced selling pressure. Big holders may quietly load their bags, waiting for a future rally.
Still, traders lean cautious. Liquidation data shows major levels between $3.292 and $3.704. Long liquidations stand near $3.66 million, while shorts dominate with $30.99 million. This imbalance creates fragile sentiment in the near term, where sudden price spikes could burn overleveraged players. SUI is now squeezed between strong support and towering resistance.
Bulls and bears stare at each other like rival chess players, each move calculated, each second heavy. Short-term action remains bearish, but the long-term melody stays optimistic. The fundamentals play a steady tune of growth and adoption, a rhythm hard to ignore. If buyers defend the trendline, a swift rally toward $4.33 could unfold like a sudden sunrise.