$SUI (Sui Network) has entered a high-volatility markdown phase as of December 24, 2025, following a rejection from its recent local highs. Currently trading near $2.10 – $2.15, the asset is struggling to maintain its bullish momentum as broader market caution ahead of year-end options expiries tempers gains. Despite the "parallel execution" narrative and recent spot ETF filings from Bitwise, the price remains suppressed by profit-taking and intensifying Layer 1 competition.
The technical structure is shifting toward a bearish bias on shorter timeframes, with a notable "tug-of-war" occurring at the $2.00 psychological support, which aligns with the 50-day moving average. Indicators suggest a neutral-to-bearish sentiment as the RSI hovers near 55, while price volatility remains high at approximately 5-7% daily. While the network achieved record TVL in 2025, recent DEX volume has shown signs of stalling compared to rivals, raising concerns about long-term sustainability at current valuations.
Support and Resistance Levels
Immediate Resistance: A formidable supply wall is established at $2.25 – $2.30, where recent highs and the upper Bollinger Band align.
Secondary Resistance: Stronger structural resistance sits at the $2.50 psychological level.
Immediate Support: The current floor is being tested at $2.00 – $2.05, a critical zone for maintaining the medium-term uptrend.
Critical Support: A failure to hold the $1.85 – $1.95 region could trigger a rapid capitulation toward the $1.30 historic support floor as stop-losses are hunted.
The overall trend remains a "sell the rip" scenario in the short term as participants de-risk amid a 1.79% daily price slide.
Short Trade Signal
Margin: Isolated 2% to 5%
Leverage: 10x – 20x (Caution: High Volatility)
Entry 1: 2.22
Entry 2: 2.34
Take Profits: * TP1: 2.05
TP2: 1.88
Or Take Profit from 100% to 500% ROI Stop Loss: 2.45
Short #SUI Here
