- SUI eyes $4.30 resistance as bulls face technical and psychological pressure
- TD Sequential sell signal warns of possible pullback near key Fibonacci level
- Mixed indicators and $3.2M in liquidations reflect cautious market sentiment
Sui (SUI) is showing signs of bullish strength as traders closely watch the critical $4.30 resistance level. This price mark holds major significance as it aligns with both technical and psychological thresholds. After gaining 4.69% over the past 24 hours, SUI currently trades at $3.86.
The recent price surge signals growing investor interest, but strong resistance just ahead could define the token’s short-term direction. The market is at a tipping point. Bulls aim to breach this ceiling and trigger a fresh rally, while bears are eyeing a potential reversal.
Ali Martinez Flags Crucial $4.30 Barrier
Market analyst Ali Martinez pointed out the importance of the $4.30 level for SUI. According to his analysis, the TD Sequential indicator has flashed a sell signal near this resistance.
This indicator, known for predicting trend exhaustion, printed a 9-count often signaling a pause or pullback. The signal aligns with the 100% Fibonacci extension level, further reinforcing the challenge bulls face.
$SUI needs to break past $4.30 to invalidate this sell signal by the TD Sequential indicator! pic.twitter.com/sn5ezxnYxu
— Ali (@ali_charts) May 19, 2025
Price is currently consolidating around $3.75, which sits slightly above the 78.6% Fibonacci retracement level at $3.63. This zone now acts as a key support. A decisive break above $4.30 would invalidate the sell signal and could spark renewed bullish momentum. However, failure to do so may push SUI toward $3.27, the 61.8% retracement zone, or even lower.
Indicators Suggest Mixed Momentum
From a technical standpoint, the momentum appears mixed. The MACD indicator shows early signs of weakness. The MACD line sits at 0.2331, slightly below the signal line at 0.2795. The histogram remains negative at -0.0463, indicating a possible bearish crossover if momentum slows further.
Meanwhile, the Relative Strength Index (RSI) stands at 60.22. This reading is neutral to bullish, with recent highs near 65.90. Since the RSI has not yet entered overbought territory, there’s still room for potential gains.
Liquidation Data Shows Market Hesitation
Liquidation data supports the cautious sentiment. Over the past 24 hours, $3.2 million worth of SUI positions were liquidated.
Short positions slightly outpaced long liquidations, with $1.6 million versus $1.5 million. Binance and Bybit accounted for the bulk of these, suggesting that larger players are active, but not overly committed in one direction.
