Price Position and Structural State
Sui (SUI) closed at 0.7106 USDT on August 30, 2026, down 4.58%. The asset now sits in a sideways structure near the bottom of its 55-day range. Current 55-day support is near 0.634 USDT, with resistance near 0.9555 USDT. A daily close below 0.634 USDT would confirm a downside regime shift. A hold near support would keep price inside the range.
Moving Averages and Trend Context
SUI is trading below all key moving averages, but the weakness is still early rather than deeply stretched. MA50 at 0.721624 USDT stands as the first moving-average resistance area to reclaim. Price sits 1.53% below MA50, within a historical range of -43.54% to 78.67%. The structure is bearish, but downside extension remains inside its normal range.
Trading Friction and Price Efficiency
SUI shows moderate trading friction, with a 3-day friction score of 41.6. The score combines price progress, wick rejection, and volume confirmation. Recent candles show mixed acceptance, so price is moving but still showing some noise. Moves near support or resistance need a cleaner daily close before they carry stronger weight.
Open Interest, Funding, and Positioning
Open interest increased +1.08% in one day, showing some leverage entering the market. OI sits near the middle of its 60-day range, so the move adds leverage from a normal base rather than from a stretched one.
Funding is positive on the 24-hour average at +0.004445%, with the 7-day average also positive at +0.006651%. This shows sustained long-side cost pressure across both short and medium windows.
The long/short ratio is 2.24, showing more long accounts than short accounts. It sits near the middle of its 60-day range, so this is a long tilt without clear historical crowding.
Correlation, Beta, and Index Relationship
SUI remains strongly linked to the broader crypto market (Sigloid Index), with beta showing normal sensitivity to index movements. Correlation confirms that SUI moves closely with the index, while R² shows that index behavior explains a significant share of its movement. This means broader market direction carries meaningful weight when interpreting SUI. Over the 30-day window, the relationship is weakening. Over the 60-day window, the relationship is weakening. Over the 180-day window, the relationship is stable.
| Window | Correlation | Beta | R² | Read |
|---|---|---|---|---|
| 30D | 0.787 | 1.157 | 0.62 | Strong linkage |
| 60D | 0.807 | 1.141 | 0.651 | Strong linkage |
| 180D | 0.784 | 1.161 | 0.615 | Strong linkage |
Momentum, Volatility, and Indicator Pressure
SUI is showing wider movement, but participation is not fully backing it. ATR% reads 7.42, above its 60-day range, while Bollinger Band width% reads 31.94, close to the top of its 60-day range. 20-day Volume Z-score is -0.04, showing near-normal participation.
ROC14 is +5.93%, while RSI is 45.96 and MACD histogram remains negative. Multi-day acceleration has improved, but the broader momentum picture is still incomplete.
The read is still incomplete: momentum is improving, but volatility or participation has not confirmed the move strongly enough.
Broader Market Regime
The Sigloid Index remains in a bullish regime, showing broad strength across the market. SUI stays closely linked to that market condition, so broader market strength can support price behavior and keep market direction important for this asset.
Key Levels for the Next State Change
For SUI, the next structural shift depends on range boundaries. A daily close above 55-day resistance at 0.9555 USDT establishes a bullish regime, while a daily close below 55-day support at 0.634 USDT confirms a bearish regime.