SUI price looks stable after many weeks of negative pressure, with investors indicating a very important level that will determine where the asset moves next. Some leverage trades have been unwound by investors, although an increase in trading volumes points to buying at the present price.
At the time of writing, SUI is trading at $0.6903, up 0.65% over the past 24 hours. The SUI has recorded a daily trading volume of $363.05 million, while its market capitalization stands at $2.77 billion.
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SUI Price Nears Major Breakout
On June 29, 2026, the crypto analyst BitGuru mentioned that the cryptocurrency SUI is currently trading in a good accumulation range between $0.67 and $0.69 after being in a downtrend for a long time.
Based on BitGuru’s opinion, this range is currently a critical support level, which attracts buying interest. In the event that SUI stays above this range and the buying pressure persists, then the next target level may be at $0.84.
According to the analysis, the market seems to be headed for a decision-making stage. If the market can remain above the support level, then buyers may be encouraged to enter the market, but a failure at this point would push back recovery.
Derivatives Data Shows Mixed Signals
Open interest decreased by 1.45% to $483.32 million, implying that certain market players have unwound their positions using leverage. The falling open interest is normally an indication of the risk aversion on the part of the investors.
Meanwhile, the trading volume rose by 13.46% to $478.74 million, which suggests a stronger trading environment with increased participation. Increased volume along with unchanged prices usually shows that the bulls and bears are testing the key levels.
The OI-weighted funding rate continued to be positive at 0.0049%. This is an indication that buyers who have long positions continue to pay some premium for holding such positions. The positive funding rate shows a positive outlook on the market despite the reduction in open interest.
SUI Price Set for Next Move
This situation is critical as the SUI price is currently trading within a price range that many investors consider a possible turning point. Should the buying side keep defending this support level, there will be more certainty that the downtrend is starting to fade away.
A break above the resistance level would draw more buyers into the market. On the contrary, any breakdown from the range level would draw more sellers into the market.
Regardless of whether the investors are in the market temporarily or for the long term, the next couple of sessions will shed light on the possibility of the SUI price turning around or staying down.
What to Expect From the SUI Price Next
For the upcoming periods, it is probable that attention will be centered on the ability of SUI to hold above the support area of $0.67-$0.69. In addition, it is expected that the market players will pay close attention to the growth in the volumes of trades as well as open interest.
Assuming that all these factors improve and there is increased buying pressure, the SUI price might have a chance of making an attempt to reach the target of $0.84, according to BitGuru. Otherwise, the token will experience increased selling pressure.
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
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