Sui (SUI), the rapidly emerging and highly efficient blockchain that has successfully captured the attention of developers and investors alike with its parallel processing architecture and ultra-low transaction fees, is currently grappling with a substantial and increasing wave of selling pressure today, November 9, 2025. When opening the SUI price chart for technical analysis, the experience is similar to spectating a high-stakes, fast-paced rally race the price momentum is furious, but crucial support turns and key market floors are undergoing severe re-testing, and their resilience will determine the future trajectory. The current SUI price sits at approximately $2.14, with the daily GMT candle opening at $2.12. This slight dip from the open indicates initial selling pressure and a tendency for short-term traders to exit, but we must examine the details to ascertain whether a strong rebound is imminent or if this is the prelude to a deeper, more punishing decline. Deep Dive into Key Support and Resistance Levels: In any volatile market, support and resistance levels act as the commanding lines of the trading battlefield. The primary and most significant psychological support is anchored at $2.00, a crucial round-number level that, if successfully defended, could abruptly halt a sharp drop and serve as the final defensive line for buyers. If this vital psychological level manages to hold firmly, it could provide buyers with the necessary footing to initiate a corrective upward rally. However, if this key support is decisively breached, the next downside targets will rapidly shift to $1.95 and even $1.90. These areas are mapped out based on Fibonacci retracements from the most recent upswing and established recent lows, with volume analysis in these zones suggesting the presence of deep liquidity. Conversely, immediate and important resistance is located at $2.20, a ceiling that SUI has failed to decisively break above in recent attempts. The next major resistance level awaits at $2.50, which is a strong technical barrier. A convincing, high-volume break above $2.50 could potentially elevate the next target to $2.70, but given the current weak momentum and prevailing selling in the market, this move would likely necessitate a powerful fundamental catalyst to succeed. Comprehensive Examination of Momentum Indicators (RSI and MACD): What intelligence are the momentum indicators, the market's thermometers, providing? The 14-period Relative Strength Index (RSI) is currently reading 45 this reading confirms a bearish lean, and typically when the RSI remains below the 50 level, sellers maintain the upper hand. Some traders might interpret this as a preamble to reaching the oversold territory (RSI below 30), which historically offers a buying opportunity, but currently, a strong signal for a buy trade has not been issued. For higher confidence, one should wait for the RSI to reclaim the 50 mark. The Moving Average Convergence Divergence (MACD), with its large negative histogram (-0.05) and the signal line situated below the zero line, unequivocally affirms the bearish trend. However, close attention must be paid to the small divergences that are beginning to form. These divergences can be early signs of fatigue and gradual weakening of the sellers' power, although they are not yet a definitive signal for a reversal of the primary trend. Traders should wait for a confirmed bullish MACD crossover for a clearer trend shift confirmation. Analysis of Trend Structure via Moving Averages and Bollinger Bands: The moving averages, acting as price smoothers, clearly delineate the short-term and long-term trend structures. The 50-Day EMA is located at $2.18, with the price trading below it this alignment confirms a short-term bearish cross and indicates that buyers are struggling to regain control. Until the price can establish consolidation above the EMA 50, the downside risk remains prominent. The 200-Day EMA, which governs the long-term trend, is positioned at $2.30. Holding the price above this level technically keeps the long-term trend in a neutral-to-bullish state, but this key support is currently being severely challenged, and a break below it would sound alarm bells for long-term investors. In terms of volatility, the Bollinger Bands are heavily compressed, signaling an environment of low and unusual volatility. This compression (Squeeze) is often viewed as the prelude to a large, explosive breakout move. Given the current bearish bias of the momentum indicators, the probability of this breakout favoring the downside, towards lower supports, is higher, unless a sudden surge of buying volume enters the market. Price Pattern Analysis and Market Data Insights: From a technical pattern perspective, the 4-hour chart is tracing a descending triangle formation. This pattern is traditionally considered a bearish continuation pattern and only issues a buy signal if the price executes a high-volume breakout above its upper resistance trendline. Currently, the pressure on the triangle's lower support line is intensifying. The 24-hour trading volume is approximately $1.38 billion, which is above recent averages. This increase in volume, despite the price decline, suggests a significant interest from traders to buy at the lows, but it must be noted that recent liquidation reports have amplified the selling pressure. Analysts point out that the Fear & Greed index is clearly positioned in the 'Fear' zone, a traditional bearish sign, yet simultaneously, on-chain data suggests that 'whales' are actively accumulating in the lower price regions, which is a strong long-term bullish signal. This market dichotomy highlights the complexity of the current consolidation phase. Strategic Conclusion and Long-Term Outlook: If the critical psychological support of $2.00 can be decisively held, we might witness a powerful relief rally targeting $2.40 and potentially re-challenging the $2.50 resistance. However, if this vital support breaks, $1.80 and subsequently $1.70 will emerge as the next logical downside targets on the horizon. Sui, with its rapidly growing DeFi ecosystem, high transaction speeds, and innovative architecture, possesses very strong and bright long-term potential. Nevertheless, in the current market conditions, traders must remain extremely cautious and vigilant this correction and price consolidation could continue deeper than anticipated, making risk management absolutely critical at this juncture. Ultimately, in this fast-paced market where technology and sentiment intertwine, patience and smart risk management are the keys to long-term success. Price dips like the current one offer excellent entry opportunities for long-term investors, but never trade without setting a stop-loss and always ensure your portfolio is diversified. Closely tracking on-chain news and network developments will be the likely catalyst for a major shift in the trend direction.