Technical Analysis

SUI & NOS at critical levels: Dead or primed for a short play?

Published: Apr 9, 2025

SUI and NOS are at critical levels—on the brink of collapse or ready for a short play? Both assets are stuck in bearish trends, but will they break or bounce? The next move could change everything. Stay tuned to find out.

Disclaimer: This is not financial or investment advice. You are responsible for any capital-related decisions you make, and only you are accountable for the results.

SUI:

Overview

SUI has, in the past month, tried to rally over resistance; however, after meeting the daily 50EMA, it was smacked down through the resistance
It then failed to break above the resistance and, as we can see, failed many times at the 2.48 level.
It has now made a new lower low and bounced off the lower 1.75-1.6 support level.
The market structure, along with the EMA, is bearish

Key levels

Support zone

$1.75-$1.58 - The market has bounced off this zone three separate times and was the support zone for the 200% move-up in late 2024.

Resistance zone

$2.63-$2.37 - The market has bounced/rejected in this zone 5+ times, each time resulting in larger moves away from it.

📘 Strategic Playbook

Range trading setup

As we are in a large down trend, buys are not suggested; however, sells around the 2.4 level, targeting the 1.7 level, can be good areas for a range trade.

If we were to approach the 2.4 level with a bearish trend in the overall market still intact, we would look to sell and place our stops above the resistance level, targeting the $1.7 level.

SUI

Cryptonary's take

SUI as an asset remains extremely bearish, with no valid signs of a bottom in sight. Pair this with the bad macro outlook for now and BTC remaining neutral/bearish; we believe it is still time to steer clear of this asset until risk on returns along with better price action.

Once that environment returns, SUI could still be a decent alt coin bet as it managed to 4x last year in such a short amount of time.

NOS:

Overview

NOS has been in a bearish trend for the past couple of months, and almost nothing has happened bullishly in price.
As of today, we remain sitting on the last line of support, which is a combination of the 2022 highs and the swing low of late 2023.
For tides to change from extremely bearish to bullish on this asset, we would look for a bounce in this 0.55-0.26 level and a flip of the $1 mark.
Until that happens, we will steer clear of this asset from an investing perspective.

Key levels

Support zone (Weekly Levels)

$0.26-$0.6 - The market peaked around this level in 2022 and spent a bit of time consolidating in this range before moving up 2,000% in 2024.

Resistance zone

$1.44-$0.98 - The market rejected off this level for a bit in the 2024 run-up, then on the way back down, it bounced aggressively from it before going higher. Because of that, we see this as a new resistance level.

📘 Strategic playbook

Range trading setup

As we are in a large down trend, buys are not suggested; however, sells around the $1 level, targeting the $0.4 level can be good areas for a range trade. If we were to come to the $1 level (assuming the market is still bearish), we would look to enter short and place stops above the resistance level, targeting back below a $1 into the $0.5 territory.

Nos

Cryptonary's take

NOS remains extremely bearish with no signs of a bottom in sight. This token has traded downwards about 90% since December, and while it seems to be slowing in its descent, there are still no reasons to be bullish on NOS.