Sui (SUI) experienced a sharp 7.3% price rally within 24 hours, mirroring broader market relief as Bitcoin reclaimed the $70,000 level. Data from CryptoQuant indicates the asset’s spot trading volume has been in a longer-term decline since October 2025, despite a 64% surge in daily volume. Analysis of weekly charts reveals a persistent bearish trend, with selling pressure dominant and the Relative Strength Index below the neutral 50 mark.
The Sui blockchain’s native token, SUI, rallied 7.3% in 24 hours alongside a wider market bounce. This surge coincided with Bitcoin pushing its price back above $70,000.
According to CryptoQuant data, SUI’s spot trading volume has been falling since October 2025. The three-month spot taker Cumulative Volume Delta has shifted from buyer-dominated to neutral.
A longer-term bearish trend has been in place since October 2025 on the weekly chart. The On-Balance Volume indicator shows selling volume has been the dominant force, with the RSI below neutral 50.
On shorter timeframes, SUI has traded within a rough range between $0.85 and $1.01 over the past month. The local supply zone between $0.97 and $1.00 was being tested again.
The decline in spot trading volume since September was also reflected in the spot volume bubble map. Analysts note a breakout beyond $1.05 is needed to shift the longer-term trend bullishly.
