Sui price consolidates as open interest falls, signaling weakening downside momentum

cryptonews12-17

Sui price consolidates at key support near $1.31 as falling open interest signals fading bearish momentum and raises the possibility of a developing trend reversal. Summary Sui holds key $1.31 ...

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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSui price consolidates as open interest falls, signaling weakening downside momentum\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-12-17 00:36 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://crypto.news/sui-price-consolidates-as-open-interest-falls-signaling-weakening-downside-momentum/><strong>cryptonews</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Sui price consolidates at key support near $1.31 as falling open interest signals fading bearish momentum and raises the possibility of a developing trend reversal.\n\n\nSummary\n\n\n\nSui holds key $1.31 ...</p>\n\n<a href=\"https://crypto.news/sui-price-consolidates-as-open-interest-falls-signaling-weakening-downside-momentum/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4215","symbol_name":"住宅房地产投资信托","start_time":0,"source_url":"https://crypto.news/sui-price-consolidates-as-open-interest-falls-signaling-weakening-downside-momentum/","article_id":"2592936911","we_media_id":null,"thumbnails":[],"rights":{"source":"crypto_news_highlight","url":"https://crypto.news/sui-price-consolidates-as-open-interest-falls-signaling-weakening-downside-momentum/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2592936911","pubTimestamp":1765902972,"columns":[],"sourceInfo":{"source_id":"crypto_news_highlight","name":"Crypto News"},"weMediaInfo":null,"summary":"Sui price consolidates at key support near $1.31 as falling open interest signals fading bearish momentum and raises the possibility of a developing trend reversal.Reclaim above POC could open a move toward $2.99 resistance.Sui consolidates at $1.31, a key high-time-frame support aligned with the Point of Control .Sui’s recent price action marks a notable shift in behavior compared to earlier phases of the downtrend. After an aggressive sell-off, the price has now stalled and begun to consolidate around the$1.31 support level, an area reinforced by thePoint of Control .This confluence is important because the POC represents the price level at which the highest trading volume has occurred, often serving as a magnet for price during periods of equilibrium.Importantly, falling open interest does not automatically imply bullish continuation. Instead, it suggests that the dominant downtrend is losing strength. For a confirmed reversal to develop, Sui would need to see renewed participati","collect":0,"end_time":0,"defaultTopTitle":"crypto.news","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4215":"住宅房地产投资信托","SUI":"Sun Communities Inc","BK4228":"单户式住宅房地产信托"},"translate_title":"Sui价格因未平仓合约下降而盘整，表明下行动力减弱","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SUI":1},"content_text":"Sui price consolidates at key support near $1.31 as falling open interest signals fading bearish momentum and raises the possibility of a developing trend reversal.\n\n\nSummary\n\n\n\nSui holds key $1.31 support aligned with the Point of Control.\nDeclining open interest signals fading downside momentum.\nReclaim above POC could open a move toward $2.99 resistance.\n\n\n\nSui (SUI) price is showing early signs of stabilization after a prolonged period of downside pressure, as price action consolidates around a critical high-time-frame support level. This consolidation is occurring alongside a noticeable decline in open interest, a combination that often signals weakening downside momentum rather than renewed selling pressure. \nWhile confirmation of a trend reversal is still pending, the current structure suggests that sellers may be losing control as the market searches for a base.\nSui price key technical points\n\nSui consolidates at $1.31, a key high-time-frame support aligned with the Point of Control (POC).\nOpen interest is declining, signaling reduced bearish participation and weakening downside momentum.\nThe next major resistance is at $2.99, the level that must be reclaimed for trend-reversal confirmation.\n\nSUIUSDT (1D) Chart, Source: TradingView\nSui’s recent price action marks a notable shift in behavior compared to earlier phases of the downtrend. After an aggressive sell-off, the price has now stalled and begun to consolidate around the $1.31 support level, an area reinforced by the Point of Control (POC). \nThis confluence is important because the POC represents the price level at which the highest trading volume has occurred, often serving as a magnet for price during periods of equilibrium.\nThe halt in downside momentum at this level suggests that selling pressure has been absorbed, at least temporarily. Rather than continuing lower, Sui is forming a tight consolidation range, indicating that market participants are reassessing value. \nFrom a market-structure perspective, this behavior is consistent with the early stages of a potential bottoming process, even as SAGINT partners with Sui on a new tokenization initiative, adding a fundamental backdrop to the evolving technical setup.\nOne of the most telling signals supporting this view is the decline in open interest. A decline in open interest during consolidation typically reflects the unwinding of leveraged positions, particularly on the short side. \nThis reduction in speculative exposure weakens downside momentum and often precedes either a range-bound phase or a trend reversal. In Sui’s case, the decline in open interest aligns closely with the observed price stabilization, reinforcing the idea that bearish conviction is fading.\nSUI Open Interest, Source: CoinGlass \nImportantly, falling open interest does not automatically imply bullish continuation. Instead, it suggests that the dominant downtrend is losing strength. For a confirmed reversal to develop, Sui would need to see renewed participation from buyers, reflected by a re-expansion in open interest alongside impulsive upside price action.\nThe next major level to watch is $2.99, which represents the nearest high-time-frame resistance. This zone previously served as a key structural area and would likely constitute the first major test for any bullish continuation. A reclaim of the POC followed by acceleration toward this resistance would signal that new demand is entering the market.\nUntil then, Sui is likely to remain in a short-term consolidation phase. Such phases are common after strong trends, as markets digest prior moves and redistribute positions. The current structure resembles a bottoming formation, but confirmation will depend on how price behaves during future tests of support and whether volume and open interest begin to expand on upside moves.\nWhat to Expect in the Coming Price Action\nSui is likely to continue consolidating around the $1.31 support in the near term. A reclaim of the Point of Control and a renewed rise in open interest would strengthen the case for a bullish rotation toward $2.99. Until then, price remains in a developing bottoming structure with downside momentum significantly weakened.\n\n\n\n\n\n                Read more:\n            \n\n                Start the path to wealth using XRPstaking platform and make $100-$6500 a day","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.12","shortVersion":"4.35.12","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2592936911","isCrawlerRequest":true}