The cryptocurrency SUI remains under significant bearish pressure as of late March 2026. The asset is struggling below the critical $0.92 resistance level, with falling trading volume and weekly losses amplifying the downtrend. Technical indicators, including the RSI and MACD, confirm weak market momentum, while derivatives data shows declining open interest and notable liquidations.
As of March 31, 2026, SUI continues to face sustained selling pressure, trading below key levels with falling volume. The token price has decreased by 8.63% over the past week, according to CoinMarketCap data. At the time of reporting, SUI was valued at approximately $0.8590.
Analyst Cryptorphic pointed out that SUI is trading below a trend line and key moving averages, indicating a bearish setup. “The asset is trading below key moving averages. This indicates a bearish setup in the current phase,” the analyst stated. Each short-term bounce has faced immediate selling pressure, with the $0.90-$0.92 range acting as a firm resistance zone.
Derivatives metrics further signal weakening market sentiment. According to CoinGlass data, futures volume fell by 11.41% to $555.40 million, while open interest declined by 2.73%. Total liquidations over 24 hours reached approximately $769.94K, with short liquidations exceeding long positions.
Technical oscillators reinforce the bearish outlook, with the Relative Strength Index at 38.68, below the neutral 50 level. The Moving Average Convergence Divergence line remains in negative territory, recording -0.0305 and sitting below its signal line. This alignment suggests continued weak momentum for the asset in the near term.
