Sui and Hedera Could Retest Yearly Lows as Prices Retreat from Key Zone

HBAR has been trending upwards since the Asian session started and its trading volumes have gone up by 21% in the past 24 hours.

Meanwhile, SUI has been trading range-bound for most of the day after the price rejected a move above a key resistance.

The two tokens have had divergent performance in the past week as HBAR has dropped by 3% while SUI has booked a 2% gain.

Top-tier smart contract platforms have outperformed these two lately, especially Solana, as the market appears to be concentrating most of its capital and volumes on the most valuable tokens during this bearish cycle.

Sui is a promising layer-one blockchain that beats Solana in transaction processing capacity while Hedera has introduced a novel consensus mechanism called the Hedera Hashgraph that improves transaction processing speeds as well by improving traditional propagation methods.

SUI Shows Strong Resistance at $2.40

Heading to the charts, before today’s mild uptick, SUI had been dropping for four days in a row. The price action rejected a move above the $2.41 level last Sunday and this catalyzed the token’s latest drop.

This rejection is key to predicting what could happen with SUI’s price next. It comes after a strong rebound triggered by Trump’s decision to backpedal on his decision to raise tariffs unilaterally.

The move has pushed SUI below its daily point of control (POC), meaning that trading volumes are favoring a bearish outlook at the time.

The MACD’s histogram shows that positive momentum has been decelerating for four days in a row as well, including today. While the Relative Strength Index (RSI) currently stands on top of its 14-day SMA, meaning that momentum is weakening and favoring a downtrend as that is the direction of the current trend.

Looking at the hourly chart, we can see some possible entries for a short sale. We can see that the price action has blown up the $2.10 resistance already, which would leave traders with the $2.25 – $2.20 as the next possible entry.

A rejection of any of the levels shown in the chart would indicate that the market is ready to resume its downtrend.

HBAR Offers High Risk-Reward Trade at $0.18

The daily chart for Hedera shows strong resistance at the $0.17 and $0.18 levels and trading volumes at these levels have been high, which is evidence of its technical relevance.

If the $0.1550 support is lost, the odds of a big drop will increase dramatically as this has been a contended area that bulls have fought to capture as indicated by its large buying volumes.

A strong move below for HBAR could result in a drop to the $0.125 level in the next few days, meaning a 23% downside potential.

The price is already standing below the 21-day EMA, meaning that the downtrend is still strong and dominating the price action.

Momentum indicators have been trending higher as the RSI just crossed above the signal line (14D SMA) this favors another push to the $0.18 area and this would provide short-sellers a much better entry with a highly attractive risk-reward ratio of around 2.5 depending on where the stop price is set.