The SUI price has increased by nearly 17% in the past 24 hours and by around 37% over the past seven days, making it one of the stronger short-term performers in the market. The move comes after weeks of sideways action and has revived bullish interest.

However, the bigger picture still matters. SUI remains down roughly 61% on a yearly basis, which means this rally is happening inside a broader recovery attempt, not a confirmed long-term uptrend. Recent price strength is real, but new data shows that profit booking is starting to increase. The rally now hinges on whether buyers can defend the $2.00 level.

Triple Bottom and EMA Break Put Bulls in Control—for Now

On the 12-hour chart, SUI has formed a clear triple bottom near $1.30. This means the price has tested the same support zone three times since early November and failed to break lower each time. Such behavior often signals that sellers are losing control and that buyers are consistently stepping in.

The rally gained strength once SUI moved above the 100-period exponential moving average (EMA) on the 12-hour chart. An EMA gives more weight to recent prices, so when the price reclaims a longer-term EMA, it often marks a meaningful shift in trend behavior.

SUI is now approaching the 200-period EMA, which sits close to the $2.00 psychological level. This zone also acts as technical resistance. A clean 12-hour close above it would confirm that buyers are extending control.

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Bullish Technicals Backing The SUI Rally: TradingView

There is also a bullish crossover setup forming. The 20-period EMA is moving closer to the 100-period EMA. A similar bullish crossover earlier this month (20- and 50-day EMA crossover) led to a 22% price increase, indicating that momentum can accelerate when these signals align.

In short, the structure explains why SUI rallied. Strong support at $1.30, followed by key EMA reclaim, gave buyers confidence. But this alone does not guarantee continuation.

Momentum and On-Chain Data Show Profit Booking Risk Is Rising

Momentum indicators now add a layer of caution.

The Relative Strength Index (RSI) measures how strong recent price moves are. Currently, RSI has made a higher high, while the SUI price is close to forming a lower high. This setup is known as a hidden bearish divergence, which often signals that momentum is weakening even if the price still looks strong. And in doing so, RSI has also moved towards the overbought region.

This divergence is not confirmed yet. It becomes active if the next daily candle closes below $1.99, locking in the lower-high structure. Until then, it remains a warning, not a trigger. That also explains why the $2.00 level discussed earlier is so important for the bullish strength to continue flashing.

Bearish Divergence Forming: TradingView

History supports this risk. The last time RSI reached similar levels, in mid-July, SUI corrected by about 15% within the following 9 days.

On-chain data reinforces the momentum warning. Spot exchange flows show a sharp shift toward selling. On January 4, SUI recorded a net outflow of about $8.37 million, which typically reflects buying and holding. The latest data shows a net inflow of roughly $10.15 million, meaning tokens are moving back onto exchanges.

Rising Selling Pressure: Coinglass

That change represents a sudden swing toward selling pressure in a short period. Rising inflows usually signal profit booking, especially after a fast rally.

Together, weakening momentum and rising exchange inflows explain why the SUI price rally is slowing near resistance.

SUI Price Levels Decide Whether the Rally Survives

With bullish structure and profit-booking pressure colliding, the SUI price levels now matter more than indicators.

For the rally to continue, SUI needs a clean daily close above $2.00, as discussed earlier. Holding above this level would invalidate the bearish divergence risk and open the path toward $2.15, which represents roughly 10% upside from current levels. That zone was lost in early November and has not been reclaimed since.

If selling pressure continues and $1.95 fails to hold, downside risk increases quickly. The first key support sits near $1.70, which would imply a pullback of around 12%. A deeper correction could test the $1.30 support, the same level that formed the triple bottom and underpinned the rally.

SUI Price Analysis: TradingView

SUI’s price surge has a solid technical foundation, but profit-taking is now testing investor conviction. As long as the price claims and holds above $2.00, the upmove theory remains intact. Losing that level would shift the focus from continuation to consolidation or correction.