SUI Price Tests Channel Support After Sharp Rally on CME Futures Expansion
SUI's price has been testing channel support after rejecting $1.30 following its sharp rally, according to Bitget.
The MACD remains positive despite the latest daily decline, showing that bullish momentum has not completely disappeared during the pullback.
The RSI currently reads approximately 68.71 on the displayed indicator, indicating strong momentum alongside growing short-term cooling.
CME's launch of SUI futures and Micro SUI futures on May 4, 2026, has added another market structure layer to the platform, providing standardized exposure without requiring direct token delivery.