SUI Price Analysis on Feb 28 to understand SUI’s market trends and investment potential in 2025

The cryptocurrency market is highly unpredictable, with SUI facing huge price swings. Despite increasing selling pressure, the token is unable to find significant support

The cryptocurrency market is highly unpredictable, with tokens like SUI often facing huge price swings. Despite selling pressure, the token is unable to find significant support, raising concerns about its current direction. While some traders expect a rebound, others fear that the decline will continue if key support levels fail.

This analysis delves into SUI price movements on February 28, examining technical indicators and charting patterns to anticipate the token's next move. As investors analyze whether this decline represents a buying opportunity or a possible future decline, all eyes are on SUI's next move.

SUI Price Analysis of February 27

The day started with an upward trend, triggered by a golden cross at 1:50 UTC, which pushed the price toward the resistance level. The price reached its daily high of $2.9804, setting up an opportunity for traders to engage in profit-taking activities. However, this upward momentum was short-lived as a death cross at 6:55 UTC signaled a bearish reversal. Another death cross at 13:45 UTC suggested selling pressure, driving the price downward. The bearish sentiment was further reinforced by an oversold condition at 15:05 UTC, causing a deeper decline. SUI fluctuated within a downward channel, struggling to break out of its trading range.

Chart 1, Analyzed by ShwetaCW, published on TradingView, February 28, 2025

At 19:25 UTC, another oversold condition led to increased price volatility, with the price testing the $2.7588 support level. The market attempted a slight recovery when a golden cross appeared at 2:50 UTC, providing temporary relief. However, the price movement remained constrained, failing to establish a strong bullish breakout. Overall, February 27 was a turbulent day for SUI, with multiple technical signals influencing its next move. While brief recoveries occurred, bearish pressure dominated, keeping the token within a downward trend.

SUI Price Analysis on February 28

Trading on February 28 began with a strong bearish movement, as the price fell sharply after a death cross at 00:10 UTC. This caused additional selling pressure, pushing the price below the support level. A sharp downward surge started extending into an oversold condition between 1:25 UTC and 2:55 UTC, confirming the bearish trend and causing further price decline. As the downtrend continued, an oversold situation at 4:00 UTC led the price to find a new support level of $2.5168. The market showed weakness, with buyers coming in to counteract selling pressure. At 6:20 UTC, a golden cross appeared, indicating a potential price reversal. This bullish crossover suggested a shift in momentum, setting the stage for a move higher.

SUI Price Prediction

SUI's latest price action suggests that it is at a crucial crossroads, with a potential breakout or a further decline in the line. If the ongoing trend continues, it could break through the $2.7588 resistance and reach $2.9804, setting a course for previous highs. However, if buyers fail to maintain the upward trend, selling pressure could bring the price back down to the support at $2.5168. Market sentiment and transaction volume will be crucial in determining the token's next step. The coming sessions will decide SUI's short-term trajectory.