# Sui Trades Near $1.10 as Taker Selling Accompanies Weak Momentum

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/29772
Published: 2026-10-11T10:05:52.000Z
Updated: 2026-10-11T10:05:52.000Z
Section: Investing

> SUI stayed below its seven-day and 20-day averages while Binance Futures open interest fell 4.53% over 24 hours.

Sui (SUI) traded near $1.10 on Oct. 11, down 1.65% over 24 hours, as heavier taker selling accompanied weaker short-term momentum signals and declining futures open interest.

SUI moved between $1.09 and $1.14. It remained below its seven-day simple moving average of $1.12 and its 20-day average of $1.13, while staying above its 50-day and 200-day averages of $0.92 and $0.86.

The daily MACD line and signal line were both 0.0561, leaving the histogram at 0.0000. That reading means the two lines were equal at the measured point but does not confirm a reversal.

Taker selling exceeded buying in the hour ending at 4 a.m. ET (8 a.m. UTC). Sell volume totaled 2,022,037 contracts, compared with 1,584,120 contracts of buy volume, producing a buy/sell ratio of 0.7834.

Binance Futures open interest stood at approximately $131.7 million, down 4.53% over 24 hours. The eight-hour funding rate was 0.0053%.

At the same snapshot, 67.5% of futures accounts were net long and 32.5% were net short. Among the platform’s top traders by position size, 72.2% were net long and 27.8% were net short. The figures describe account classifications at one point in time and do not establish broader market positioning.

Other readings included a relative strength index of 53.92, Stochastic %K of 33.29 and %D of 26.63, and a 14-period average true range of $0.08.

A conditional technical scenario published Oct. 10 identified $1.0552 as the level needed to preserve its bullish setup, with potential upside levels at $1.2431 and $1.3037. Those levels describe an analyst scenario rather than a confirmed forecast.

Sui said Oct. 8 that its Hashi mainnet would launch later in October with more than $500 million in capital commitments from a coalition of more than 20 firms. “Hashi mainnet rolls out this month with $500M+ in committed capital and Anchorage Digital on board,” Sui said.

Parshwa Turakhiya said “the markets are undervaluing what the potential addressable market can be.”