SUI flips Ichimoku Cloud resistance  As the altco

SUI flips Ichimoku Cloud resistance 

As the altcoin won on the volume front, price was on the other hand trying to stay above the Ichimoku cloud. The price action had flipped the level, which was coinciding with a descending trendline.

SUI was trading at $3.82 and the price seemed to have retested the $3.61 zone.

The Awesome Oscillator showed modest bullish momentum, but sellers dominated the volume profile.

The Money Flow Index (MFI) dropped to 36.47, suggesting money was exiting the asset despite positive structural growth

Despite price weakness, derivatives data showed a cautiously optimistic outlook. The OI-Weighted Funding Rate remained positive, indicating that long traders were still paying shorts.

Meanwhile, Open Interest dropped from $2.66 billion to $2.41 billion, but crucially stayed above the $2 billion threshold.

This resilience hinted that institutional or whale interest hadn’t fully dried up, even amid broader market corrections.