SUI Price Stalls as TVL Wavers Near $1 Billion Milestone

SUI TVL. Source: DeFiLlama

However, since the end of October, SUI’s TVL has shown signs of stagnation, repeatedly dipping slightly below $1 billion and then recovering. This back-and-forth movement reflects a cautious market sentiment, suggesting that investors may be hesitant to commit long-term capital in SUI tokens.

This stagnation signals potential volatility or downward pressure for SUI’s price, as a sustained lack of confidence in TVL could limit further price growth. Without consistent inflows, SUI might struggle to maintain its previous momentum.

SUI ADX Shows the Current Downtrend Isn’t Strong

SUI’s ADX (Average Directional Index) currently sits at 16.66, reflecting a consistent decline over the past few weeks. A falling ADX indicates weakening momentum in SUI’s price trend, suggesting that the current downtrend lacks significant strength.

ADX helps measure the strength of a trend rather than its direction, so this low reading implies that the market is not fully committed to a sustained bearish movement.

SUI ADX. Source: TradingView

ADX values are critical for gauging trend strength, with readings below 20 indicating a weak or non-trending market, while values above 25 signal a strong trend, either up or down. The low ADX confirms that SUI’s current downtrend is not particularly strong.

With the ADX at 16.66, the price movement could remain subdued or lack clear direction until momentum picks up. This means SUI may continue to drift without significant volatility unless a stronger trend begins to develop.

SUI Price Prediction: More Corrections Ahead?

SUI’s EMA lines are currently in a bearish alignment, with short-term averages crossing below the longer-term ones, a classic signal of downward momentum. However, the short-term lines have yet to cross the oldest long-term EMA, which would create a “death cross.”

This formation is often seen as a strong bearish indicator, signaling that further declines could be ahead if it materializes. A death cross suggests an intensifying downtrend that could put additional pressure on SUI’s price.