SUI Price Coils Below Critical Resistance Zone

The SUI price is currently coiling below its 200-day Simple Moving Average (SMA) at $0.84, indicating a critical resistance zone between $0.84 and $0.87.

A clean daily close above $0.84 could open the door to targets of $0.87-$0.91, but momentum has stalled, and taker flow is tilting bearish.

Traders are currently positioned 76.9% long against 23.1% short on Binance Futures, a ratio of 3.32, but the taker buy/sell ratio tells a different story at 0.77, indicating aggressive sellers outpacing buyers by a meaningful margin.

The OI has collapsed by -13.72% over the past 24 hours, not just position trimming, but forced liquidation or deliberate deleveraging.