SUI Price Reaches Resistance at $0.84 Amid Aggressive Sell-Side Activity

SUI has seen a 4.59% daily surge to $0.82, but it's facing strong resistance at $0.84.

This price is where the 200-day Simple Moving Average and the upper Bollinger Band converge, creating a double-resistance confluence.

The shorter-term moving averages are still below the 200 SMA, indicating a bearish macro picture until SUI reclaims and holds above $0.84.

Top trader positioning on Binance Futures shows a 76% long bias, but the taker buy/sell ratio reveals aggressive sell-side activity, outpacing buyers by nearly 1.5-to-1 in the last hour.