SUI Price Tests Important Technical Resistance Amid Stable Exchange Flows
The SUI price has reached an important technical level as long-term descending resistance stabilizes in trading volume. The daily chart of SUI/USDT shows a succession of lower highs, consistent with the prevailing bearish structure.
A convincing break above the trendline on a daily basis could weaken the bearish setup and signal a possible change in market structure. However, a mere break above resistance does not automatically signify a bullish shift, as sustained trading above the trendline is required for this outcome.
Exchange flows have displayed stability trends, with Binance experiencing negative net flow of about $1.42 million and Coinbase seeing negative flows at about $579,280 during the period. Positive flows remained significantly smaller, indicating a repositioning process rather than a single trend.