SUI is testing $0.85 resistance, while exchange activity shows strong volume and mixed net flows across major venues. Binance leads one-hour volume at $2.45 million, while OKX and Upbit show
SUI is testing a key resistance area after a smaller wedge breakout, while elevated exchange activity leaves the broader direction awaiting confirmation.
Giannis Andreou’s post identifies two key barriers facing the current recovery. The first is the remaining descending trendline from the broader downtrend. The second is horizontal resistance around $0.85.
Source: X
The smaller falling-wedge breakout has already occurred on the daily chart. However, that move has not yet confirmed a broader trend reversal. Price must clear both barriers before the structure changes materially.
As of this writing, the price is approximately $0.8211, based on the provided market data. Despite losing 1.67% a day, the token has risen 13.40% in seven days. That leaves price close to the resistance zone identified on the chart.
The setup therefore remains focused on confirmation rather than anticipation. A sustained move above $0.85 would clear the immediate horizontal barrier. Holding that level could also strengthen the breakout from the larger descending structure.
The accompanying heatmap shows substantial trading activity across major exchanges. Binance records approximately $2.45 million in one-hour volume. OKX follows with about $964.73K, while Upbit reaches roughly $636.97K.
Source: Coinglass
Coinbase records around $564.10K in volume during the same period. Gate reaches approximately $445.57K, followed by Kraken near $319.17K. Bybit also contributes about $252.01K to the displayed turnover.
Net flows provide a different picture across those venues. Binance records approximately $169.76K in net inflows, and OKX records about $160.27K. Upbit also shows positive flows near $169.53K during the measured period.
However, Kraken shows approximately $136.71K in negative flows. Gate records around $109.13K in outflows, while Bybit posts roughly $23.99K. The mixed readings indicate active positioning without a uniform exchange-flow direction.
A confirmed move above $0.85 would bring the chart’s next resistance near $1.10. That level sits well above the current consolidation range. It also corresponds with horizontal resistance visible from previous price action.
The chart then marks approximately $1.35 as another major upside reference. The yellow projection connects the current structure with that higher zone. However, the projected path represents a technical scenario, not confirmed future price action.
A rejection around $0.85 would preserve the existing consolidation structure. The chart shows a broad range extending toward approximately $0.65. That lower boundary becomes an important reference if selling pressure returns.
The market therefore remains at a technical decision point. Strong volume confirms substantial participation around the current move. Yet sustained price acceptance above $0.85 remains necessary before higher resistance zones become relevant.
