All about SUI’s next challenge after altcoin’s latest 7% hike

ambcryptoPublished on 2026-03-11Last updated on 2026-03-11

Abstract

SUI experienced a 7.3% price surge in 24 hours, alongside a 64% increase in daily trading volume, following broader market momentum as Bitcoin reclaimed $70k. However, longer-term trends remain bearish. Spot trading volume has been declining since October 2025, and the 3-month spot taker CVD has shifted to neutral, indicating weakened sustained buying interest. The price has been range-bound between $0.85 and $1.01, with the $1.00-$1.05 zone acting as a key supply barrier. A breakout above $1.05 is needed to shift the trend bullishly, but without strong spot demand, the token could fall back below $1. The RSI below 50 and declining OBV confirm the prevailing selling pressure.

At the time of writing, Sui [SUI] had rallied by 7.3% in just 24 hours. The rally came alongside the wider market relief as Bitcoin’s [BTC] price pushed its way back above $70k once more.

According to CryptoQuant, the spot trading volume behind SUI has been falling since October 2025. Despite the 64% hike in daily trading volume, the longer-term spot volume trends seemed to be in a cooling phase.

Moreover, the 3-month spot taker CVD shifted from taker buyer-dominated to neutral. The falling cumulative market orders to buy SUI were not new, but have been ongoing for months.

The decline in spot trading volume since September was also reflected in the spot volume bubble map.

What does this mean for SUI prices?

The weekly chart highlighted the bearish trend in place since October 2025. Like many other altcoins and even Bitcoin, the selling pressure on SUI has not relented much in recent months.

There were sporadic periods of buying that saw a price bounce, but as the OBV revealed, selling volume was the dominant force.

Also, the RSI was below neutral 50 to underline that a downtrend was in progress.

Exploring short-term SUI trends

There have been no notable trends recently. Over the past month, SUI has traded within a rough range whose extremes were at $0.85 and $1.01. The local supply zone at $0.97-$1.0 was tested last week. It was also being challenged at press time.

A breakout beyond $1.05 is needed to shift the longer-term trend bullishly. Such a breakout could see SUI fall back below the $1-level if the rally is not borne by sustained spot demand.

Final Summary

  • SUI witnessed a sharp bounce in the last 24 hours to gain by 7%, with a 64% increase in daily trading volume.
  • This surge did little to change the big picture though, with the $1-$1.05 supply zone still being difficult to overcome.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.

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Related Questions

QWhat was the percentage increase of SUI in the last 24 hours at the time of writing?

ASUI had rallied by 7.3% in just 24 hours.

QAccording to CryptoQuant, what has been the trend for SUI's spot trading volume since October 2025?

AAccording to CryptoQuant, the spot trading volume behind SUI has been falling since October 2025.

QWhat does the weekly chart reveal about SUI's price trend since October 2025?

AThe weekly chart highlighted the bearish trend in place since October 2025, with selling pressure being the dominant force.

QWhat price range has SUI been trading within over the past month?

AOver the past month, SUI has traded within a rough range whose extremes were at $0.85 and $1.01.

QWhat price level does SUI need to break out beyond to shift the longer-term trend bullishly?

AA breakout beyond $1.05 is needed to shift the longer-term trend bullishly.

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