SUI Price Plunges: $1 Drop Imminent?

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<a href="https://investment-policy.com/sui-usd/">SUI</a> Price Turns Bearish as Selling Pressure Rises: Is a Drop Below $1 Coming Next?

As a researcher tracking SUI, I’ve observed a concerning trend: the price is struggling again after failing to stay above the $1.30 mark. We saw a quick jump recently, but that momentum didn’t last, and the price has since fallen back down. This is particularly interesting because it happened shortly after the SUI Basecamp event in Miami, which we thought might give the price a significant boost. While there was some initial excitement around the event, the overall market reaction wasn’t strong enough to sustain the rally, and the price quickly leveled off.

Recent trading data indicates that optimism about SUI may be declining, as traders are starting to decrease their risky investments near its recent peak. This latest price drop is also raising worries that SUI could fall back to around $1 if buyers don’t step in and push the price up soon.

SUI Faces Strong Rejection Near Key Resistance

SUI’s price is having trouble maintaining its recent upward momentum. While it briefly jumped above a key resistance level around $1.32 with increased trading activity, it quickly lost steam. The price couldn’t break through the 200-day moving average, which acted as a significant barrier.

The CMF (Chaikin Money Flow) has recently dropped after a significant increase, indicating that money is leaving the platform. Currently, the $1 price level is acting as important support, and it may be challenged if selling continues. Additionally, data from the derivatives market is starting to show that traders are becoming less optimistic.

Recent derivatives data suggests that optimism about SUI is declining. Open interest in SUI futures initially rose sharply during the recent price increase, reaching almost $80 million, but has since fallen to around $68.45 million. This indicates that traders who were using leverage are now decreasing their positions following the unsuccessful attempt to break through a key price level. Additionally, the overall funding rate has moved back into negative territory, near -0.0022%, which further confirms that bullish sentiment is weakening.

When Open Interest decreases and funding rates get weaker, it often means leveraged investors are selling off their positions, indicating a loss of confidence in rising prices.

Can SUI Hold Above $1 as Selling Pressure Intensifies?

Currently, the SUI price is at a key turning point. It couldn’t hold its gains after trying to break past $1.32, and trading activity suggests the price might fall further to eliminate short-term, risky bets before finding a clear direction.

If SUI’s price can break and stay above $1.32, it could gain upward momentum and potentially reach $1.50 or even $1.80. But if it struggles to break this level and selling increases, the price might fall back to around $1.05, possibly dropping as low as $0.90.

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2026-05-13 18:53