SUI Price Analysis of March 11: SUI Struggles to Recover From $2 Dip, Will the Bullish Momentum Continue?

Have you been following SUI prices and wondering if the bearish trend will lose momentum? Then, you are in the right place as we dive into a detailed SUI price analysis of the last 24 hours and explore plausible SUI price trends for March 11. The coin seems to have continued its overall slow descent, with a few futile attempts towards recovery. 

SUI Price Analysis: Bearish Trend Dominates Chart Movement

SUI started the day at $2.31. The beginning was marked by a death cross and a golden cross appearing together, leading to a rapid fluctuation. This was followed by a significant golden cross at 00:30 UTC, facilitating an upward spike, leading the price to $2.36 by 01:00 UTC. The price fluctuated around that point for an hour, finding stubborn resistance at $2.37 as a trading range formed. SUI broke out of the range with a downturn, eventually finding support at $2.30 at 08:45 UTC.

Chart 1, analyzed by raodevansh18, Published on TradingView, March 11, 2025

A golden cross at 09:05 UTC appeared on the MACD line, corroborating an upward spike five minutes later. The jump took SUI to a 24H high of $2.44, making it a new resistance level. The RSI spiked as well, venturing into the overbought region as selling pressure increased. The price soon declined, predicted by a death cross at 10:05, to $2.34 at 10:25 UTC. Another golden cross did appear at 11:15 UTC as the price built upward momentum. The climb, though, was short-lived as a substantial death cross at 12:25 UTC led the price into an extended downtrend.

SUI Price Today Lowest in Months, Recovery Rejected by $2.14 Resistance

A possible recovery was observed, supported by a golden cross at 15:05 UTC and an oversold RSI from 13:55 to 15:00, but the price soon continued its downward slump.  The RSI recovered for a while before going into the oversold zone again. SUI traded at $2.05 at 19:00 UTC. A golden cross on the MACD soon followed, indicating a potential recovery from the slump, but the ascent was met by stern rejection at $2.14.

SUI Price Prediction: What’s In Store for March 11?

The day started on a skeptical note, with SUI price today dipping below $2 before quickly recovering. A golden cross came to the rescue at 01:20 UTC, as the price commenced an upward climb that took it to $2.20 at 06:00 in the morning. The RSI was seen in the overbought region. A short descent was the last update on SUI.

Based on past performance, a trading range lasting a few hours could be around the corner. However, to break out from this trading range on a positive note, a strong and sustained buying momentum is a must. If said upward breakout does not occur, SUI will likely spend the coming days battling a $2 resistance, the lowest point it has been in a few months.

Gradual Fall Continues: $2 Key Level to Watch, Suggests SUI Price Analysis 

In the last 24 hours, SUI price trends continued to be negative, failing to break through key resistance levels. The coin also ventured into $2 territory, although just for a few minutes. The coin also continued to abandon notable supports and now looks set to continue to the negative trend further before showcasing any sustained climb. Traders are again recommended to conduct their research before making any investment decisions. Cryptocurrency markets are highly volatile, and informed decisions are crucial.