SUI Price Analysis of March 10, 2025: SUI Failed to Break $2.4 Resistance Level, Is Another Crash Ahead?

Are you following the SUI price analysis and wondering how it is going to perform in the coming time? You’re in the right place. Today, we will take a detailed look at how SUI has performed over the last 24 hours and also analyze what is waiting for the SUI price today. While bullish sentiments persist in the market, SUI has continued to abandon key support levels this week. 

SUI Continues Downward Trend: Will the Climb Hold?

The day started on a positive note for SUI, going from $2.47 to $2.51 within an hour, as a golden cross appeared right at the beginning. However, at 01:35 UTC, a death cross on the MACD line corroborated a price drop, leading SUI to find support at $2.45 by 03:00 UTC. 

At 3:20 UTC, another golden cross formed on the MACD, sparking an upward trend. This climb took SUI to $2.52 within 5 hours by 07:30 UTC. As the RSI approached overbought conditions, given the positive climb, a trend reversal was predicted. At 07:55, a death cross confirmed the downturn, and the price began to fall steadily. By 10:00 UTC, the price had reached a low of $2.40.

Chart 1, analyzed by raodevansh18, published on TradingView, March 10, 2025

A trading range seemed to be forming as the price alternated between $2.40 and $2.43. While a bullish breakout was being expected, the shorter EMA failed to outrun the longer one. The death cross at 13:30 UTC facilitated another downtrend. Although a short reversal was observed, supported by a meek golden cross, it failed to hold and led to another downward channel. By 18:20, the price had touched a new low of $2.25. 

A significant golden cross at 18:25 UTC indicated incoming improvement, as SUI found itself surging again in an upward channel, reaching $2.38 by 19:10. The RSI soared into the overbought region, calling for an increase in selling pressure. The price faced blunt resistance at that point, as the trend reversed, appropriately marked by a death cross at 20:50. The token entered another downward channel, reaching $2.29 by 22:00 UTC. A short trading range was in the works for an hour or so. While an uppish breakout seemed to be forming, a death cross emerged, leading to a further slump. The coin eventually found support at $2.26 at 00:35.

Can SUI Price Today Regain Bullish Momentum on March 10?

At 00:35 UTC, an important golden cross formed on the MACD, aptly followed by a price spike, as SUI went from $2.27 to $2.36 in about half an hour. The spike was followed by a short reversal. Right after, an upward channel was again observed, taking SUI to $2.38 and establishing a new resistance level at 02:15. Ten minutes later, a death cross appeared, taking the price to $2.31 by 03:40 UTC. The coin would again go on to near-resistance prices and come back, hinting at another wide trading range in development. 

SUI Price Prediction: What Are Indicators Signalling?

The coin has seen various long trading ranges in the past weeks, and another one seems to be in formulation. SUI price analysis also revealed that the shorter EMA has been under the longer EMA for a few hours, so a possible trend reversal is on the cards. However, with multiple fakeouts in the past few days, short-term trading could be the key. While SUI faces strong resistance at $2.38, a short upward trend followed by a gradual descent can be the next play. RSI and MACD continue to be effective indicators for SUI price analysis to consider possible future price movements.