Sui's weekly chart shows a vital technical setup around a big ascending triangle structure. The pattern has been forming over several months, with previous support now acting as clear resistance near the $3 zone. The price is currently trading slightly below this level, testing whether it may regain the structure or face rejection.
Sui Weekly decision point for ascending triangle. Source: TradingView / X
The graphic shows two major scenarios. A bullish consequence would result if the worth breaks back contained in the ascending triangle. Ascending triangles often favor an uptrend continuation, especially after losing support is reclaimed. A successful move above the yellow horizontal resistance could open a path towards the $4.50-$5 range, which is the measured height of the pattern. This scenario would likely include a breakout, retest and continuation structure.
The bearish scenario will depend on the rejection of this resistance area. If the worth fails to interrupt back throughout the triangle and confirms a weekly rejection, the structure will turn completely bearish. In this case, the previous support becomes a powerful ceiling and the chart suggests a possible decline below $2. Such a move would signal a breakdown and continuation of the downtrend that began after the previous peak.
In short, Sui is at a technical decision point. Reclaiming the triangle would restore the bullish structure, while rejection would likely extend bearish pressure into 2026.
The Sui RSI indicator is showing weak momentum below the midline
Sui's Relative Strength Index (RSI) chart shows weakening momentum because the indicator falls to 37.08, moving well below the neutral level of fifty. The 14-period RSI line has crossed below its signal line, which is currently at 45.39. This crossover signals easing upward pressure.
Sui RSI Momentum Breakdown. Source: TradingView
Last yr, similar dips below 40 were often accompanied by local setbacks. The current reading suggests that sellers are gaining control after repeated failed attempts to keep up strength near overbought levels. Previous rallies stalled every time the RSI approached the 70 zone, illustrating the market's tendency to reject prolonged upside moves.
Should the RSI slide further into the 30 area, it will indicate stronger bearish momentum and possible oversold conditions. Conversely, a fast recovery above the midline would signal renewed buying interest. At the moment, the chart reflects a bearish trend available in the market, with no clear signs of a reversal yet.
