Sui (SUI) is currently hovering around $2.68 after a sharp weekly decline of over 20%. While the price remains above crucial support levels near $2.55, limited buying activity and strong resistance are hindering further gains. Traders are closely watching for price movement in the coming sessions to determine if the current range holds or breaks. 24-Hour Chart Analysis Reveals SUI’s Price Action 4-hour chart shows SUI trading around $2.55-$2.58, a level that has served as strong support since October. Despite this, each attempt to break through resistance has been met with limited momentum. This suggests a potential breakout is in sight if buying volume increases significantly. The RSI sits near 40, indicating a weak recovery from oversold territory. Despite this, the network’s activity continues to grow on-chain. Grayscale trusts for projects on the Sui blockchain have emerged, while Stablecoins and Bitcoin value locked on the platform are rising. New partnerships and record DEX volume from Bluefin show promising signs of growth despite price action remaining limited.