📊 $SUI Price Action Remains Muted as Futures OI Hovers Around $694M

SUI, the native cryptocurrency of the SUI blockchain shows slight downtick of 1.78% during Tuesday’s U.S. market hours. The price coincides with the continued correction momentum in the broader market as Bitcoin reverses from $90,000, However, a deeper analysis of SUI’s market dynamic shows a similar sluggish trend in its total volume locked and open interest, signaling a prolonged consolidation ahead.

🔸 SUI Price Stalls Below $1.50 as December Trading Dries Up

Sui’s native token has been caught in a narrow trading range for most of December 2025, testing but failing to make any sustained moves above the $1.50 level. As liquidity thins out during the holiday season, the price action of the day shows narrow low volume candles, indicating that the pressure on both sides of the market is balanced and there is little directional conviction.

Technical readings over daily timeframes show consistently small body sizes with below average trading action. This pattern usually occurs at a period of indecision, where accumulation or distribution does not have the impetus to force breakout. The $1.50 zone remains as a psychological and technical ceiling, repelling upward bids and finding shallow support in downside probes.

The same lack of momentum is reflected in derivatives markets. Recent Coinglass numbers show that open interest in SUI perpetual contracts is about $694 million with little changes with a slight downtick over the last day. The sluggish trend indicates that traders refrain from opening new contract in futures market, indicating cautiousness amid current market uncertainty.

The onchain data shows a similar trend. According to DeFiLlama data, the SUI’s total volume locked has been wavering sideways around $900 million since late November. Liquidity providers and participants in lending, DEXs and other applications seem to be happy with existing commitments without major new inflows or outflows of capital.

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