The price of SUI continues to exhibit a consolidation trend, remaining within a symmetrical triangle pattern. The open interest for SUI futures contracts has stabilized around $694 million, indicating a cautious approach from traders and a lack of speculative momentum in the market.
As of Tuesday”s U.S. market hours, SUI, the native cryptocurrency of the SUI blockchain, has seen a slight decline of 1.78%. This downturn coincides with a broader market correction as Bitcoin retraces from its recent high of $90,000. A deeper examination of SUI“s market dynamics reveals a similar stagnation in total value locked and open interest, hinting at a prolonged period of consolidation.
SUI Price Struggles Below $1.50 Amid Thin December Trading
Throughout December 2025, the price of SUI has remained trapped in a narrow trading range, frequently testing but failing to sustain moves above the $1.50 mark. The thinning liquidity during the holiday season has resulted in narrow low-volume candles, reflecting a balance of pressure on both sides of the market and a lack of directional conviction.
Technical analyses on daily timeframes display consistently small body sizes with below-average trading activity. This behavior commonly indicates indecision among traders, where neither accumulation nor distribution is strong enough to initiate a breakout. The $1.50 level has established itself as both a psychological and technical barrier, inhibiting upward momentum while providing minimal support during downward movements.
Recent data from Coinglass indicates that open interest in SUI perpetual contracts remains around $694 million, showing negligible changes and a slight decline over the previous day. This persistent sluggish trend suggests that traders are hesitant to initiate new contracts in the futures market, reflecting a cautious sentiment amidst ongoing market uncertainty.
On-Chain Data Mirrors Market Sentiment
On-chain data corroborates the trends observed in the market. According to DeFiLlama, the total value locked in SUI-based DeFi protocols has remained stagnant near the $900 million mark since late November. Liquidity providers and participants in lending, decentralized exchanges (DEXs), and other applications appear content with their existing positions, as there have been no significant capital inflows or outflows.
Absent a clear catalyst, such as increased network activity or a shift in market sentiment, this current state of equilibrium is likely to persist in the near term. Traders are vigilant for any surge in volume that could challenge established market boundaries.
SUI Price Approaches Critical Triangle Pattern Breakout
In the past month, SUI has traded within a constrained range between $1.31 and $1.80. As market uncertainty continues to drive the price into this narrow band, two converging trends have formed a symmetrical triangle pattern. Typically, such patterns emerge after significant price movements, serving as a recuperation phase before potentially resuming the previous trend.
The declining slopes of key daily exponential moving averages (20, 50, 100, and 200) further highlight the bearish sentiment dominating the market, which could lead to a prolonged downtrend in price. Following today”s market actions, SUI is trading at approximately $1.41, inching closer to the lower trendline of the triangle. A breakdown below this line could exacerbate selling pressure, leading to potential support levels around $1.68 and subsequently $1.00.
Conversely, should buyers manage to consolidate effectively during this period, SUI may have the opportunity to stage a bullish breakout, signaling a possible shift in the technical outlook.
