SUI rallies 37% in a week, $2 level faces pressure from profit-taking

Beincrypto reports SUI has gained nearly 17% in the past 24 hours and about 37% over the past seven days, but rising profit-taking is putting the $2.00 support level at risk. On the 12-hour chart SUI formed a clear triple bottom near $1.30, reclaimed the 100-period exponential moving average (EMA) and is now approaching the 200-period EMA close to $2.00, which also acts as technical resistance.

A 20-period EMA moving toward the 100-period EMA forms a bullish crossover setup, and a similar 20/50 crossover earlier this month preceded a 22% price increase. The token nonetheless remains down roughly 61% on a yearly basis, so the current rally is a recovery attempt rather than a confirmed long-term uptrend.

Momentum and on-chain data add caution: the RSI has made a higher high while price is close to a lower high, an unconfirmed hidden bearish divergence that would become active if the next daily candle closes below $1.99. On January 4 SUI recorded a net outflow of about $8.37 million, while the latest data shows a net inflow of roughly $10.15 million — a sudden swing toward exchange inflows that typically reflects profit booking and rising selling pressure.

Key Topics

Crypto, Sui, Ema, Rsi, Triple Bottom, Exchange Inflows