Sui’s weekly chart shows a decisive technical setup around a large ascending triangle structure. The pattern has formed over several months, with previous support now acting as clear resistance near the $3 zone. Price currently trades just below this level, testing whether it can regain the structure or face rejection.
The chart highlights two main scenarios. A bullish outcome would follow if the price breaks back inside the ascending triangle. Ascending triangles typically favor upside continuation, especially after reclaiming lost support. A successful move above the yellow horizontal resistance could open a path toward the $4.50–$5 range, matching the measured height of the pattern. That scenario would likely involve a breakout, retest, and continuation structure.
The bearish scenario depends on rejection from this resistance area. If the price fails to break back inside the triangle and confirms a weekly rejection, the structure flips fully bearish. In that case, the prior support becomes a strong ceiling, and the chart points toward a potential decline below $2. Such a move would signal a breakdown and continuation of the lower trend that began after the previous top.
In short, Sui is at a technical decision point. Reclaiming the triangle would restore bullish structure, while rejection would likely extend downside pressure into 2026.
Sui RSI Indicator Shows Weak Momentum Below Midline
Sui’s Relative Strength Index (RSI) chart reveals weakening momentum as the indicator drops to 37.08, moving well below the neutral 50 level. The 14-period RSI line has crossed under its signal line, which currently sits at 45.39. This crossover signals fading bullish pressure.
Throughout the past year, similar dips below 40 have often aligned with local pullbacks. The current reading suggests that sellers are gaining control after repeated failed attempts to sustain strength near overbought levels. Previous rallies stalled each time the RSI approached the 70 zone, highlighting the market’s tendency to reject extended bullish runs.
If RSI continues sliding toward the 30 region, it would indicate stronger bearish momentum and potential oversold conditions. Conversely, a quick recovery above the midline would signal renewed buying interest. For now, the chart reflects a market leaning bearish, with no clear sign of reversal yet.