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

2min Read

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

Posted: March 11, 2026 Avatar

By: Akashnath S Journalist Edited By: Jibin Mathew George All about SUI's next challenge after altcoin's latest 7% hike

Akashnath S Journalist Edited By: Jibin Mathew George Posted: March 11, 2026 Share this article

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.

Source: CryptoQuant

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?

Source: SUI/USDT on TradingView

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

Source: SUI/USDT on TradingView

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.

Next: Marathon moves 298 BTC to Cumberland – Should Bitcoin traders worry? Share

Akashnath S

Akashnath S is a Senior Journalist and Technical Analysis expert at AMBCrypto. He specializes in dissecting price action, identifying key market trends through advanced chart patterns, and forecasting both short-term and long-term asset trajectories. More Articles

Bitcoin Marathon moves 298 BTC to Cumberland – Should Bitcoin traders worry? By Evans Boto 30 minutes ago
Global News Blockchain.com rolls out crypto expansion plan for Ghana – Details By Benjamin Njiri 1 hour ago
Analysis Worldcoin: Analyst spots KEY range level – WLD’s move to $0.435 possible IF… By Akashnath S 2 hours ago
Altcoin How Tron’s entry into AAIF could position TRX to lead AI agent boom By Ritika Gupta 3 hours ago
Ethereum Assessing Bitmine’s 5,300 Ethereum transfer amid ETF outflows By Ishika Kumari 4 hours ago
Altcoin Aptos unlocks $10.88M in APT, yet 69% of supply is staked – What wins? By Lennox Gitonga 5 hours ago

This article was originally published on AMBCrypto and is republished here under RSS syndication for informational purposes. All rights and intellectual property remain with the original author. If you are the author and wish to have this article removed, please contact us at [email protected].