SUI Price Grinds Against Resistance at $0.81
SUI's price has been steadily increasing, posting a 2.31% gain to $0.79, but it faces resistance at $0.81. The token has managed to climb above its key moving averages, which could be the technical backbone for a rally.
However, momentum has flatlined, with the MACD and signal line sitting on top of each other, indicating that buyers have pushed price higher but not accelerated. The RSI at 57 keeps SUI in neutral territory, while the Stochastic gives a mildly bullish read.
The Bollinger Band picture suggests that as long as price holds above $0.76, the band structure remains bullish. But if SUI loses $0.75 on a daily close, the narrative starts to unwind.
Whale positioning is also supportive, with 73.6% of institutional and high-capital accounts holding net long positions. Rising open interest alongside rising price confirms that new money is entering positions.