- SUI must close above $4.30 to invalidate the TD Sequential sell signal.
- The current Immediate resistance sits at $3.93, with support established at $3.61.
- A breakout from the current range of $3.61–$3.93 would define the short-term trend.
Sui (SUI) is currently trading at $3.79 following a comparatively small daily gain of 1.8%. Although the token has indications of recovery in the short term, technical signals point toward possible weakness in the future unless critical resistance levels are breached.
A sell signal recently flashed on the TD Sequential indicator, a widely followed tool for spotting trend reversals. For this bearish setup to be invalidated, SUI must break decisively above the $4.30 mark. Until then, traders may remain cautious as the market assesses near-term direction.
TD Sequential Signals Potential Reversal
The TD Sequential indicator has been known to accurately forecast trend exhaustion. In SUI’s case, the appearance of a sell signal implies that its recent upward momentum may be weakening. Historically, this indicator has marked key turning points across various crypto assets. However, its reliability depends on follow-through price action. A close above $4.30 would effectively nullify the signal, allowing bullish momentum to potentially resume.
Immediate Key Levels to Watch
The immediate resistance for SUI lies at $3.93, which remains a critical zone to monitor. A failure to break this barrier could reinforce bearish sentiment in the short term. To the downside, the token gets support at $3.61. Falling at this level can lead to additional pressure to the downside, potentially pushing the price into the $3.40 range seen earlier this month.
SUI’s 24-hour price range, between $3.61 and $3.93, highlights its current consolidation pattern. A breakout on either side of this range may set the tone for the coming days. Market participants may interpret this phase as a period of indecision, awaiting further confirmation.
Broader Context and Market Implications
SUI’s recent price action reflects a broader market environment marked by cautious optimism and technical uncertainty. While the asset has shown strength with a 0.1% gain against BTC, the relative movement remains muted. Investors may wait for stronger signals before making directional bets. A clear break above $4.30 could reestablish bullish control, but until then, the TD Sequential’s warning stands.
