The SUI price is testing a key support zone that could trigger a short-term recovery if buyers step in, while major resistance levels remain critical for further upside. At the same time, the Sui blockchain’s growth continues to strengthen, surpassing 15 billion transactions and benefiting from rising adoption and gasless stablecoin transfers.
At the time of writing, SUI is trading at $0.7801 with a 24-hour trading volume of $1.05 billion and a market capitalization of $3.14 billion. Despite the loss of 3.94% over the last 24 hours, the SUI price structure and network growth point to a bullish reversal.
Source: CoinMarketCap
SUI Price Action Signals Bounce From Support Area
According to the crypto analyst BitGuru, after a prolonged downtrend that put pressure on price action, SUI is now testing an important support zone.
The area is of interest for buyers, where selling can start to diminish and buyers come in; it could mark a reversal of short-term momentum.
Source: BitGuru’s X Post
If this support means the Sui price could attempt a technical recovery, with initial upside targets near $0.90 as confidence slowly creeps back in.
Yet, if they fail to defend that area, there might be a test of lower levels for the SUI price or yet another sideways move. All eyes are now on whether the SUI price could make a bounce or continued bearish pressure.
Also Read: SUI Analyst Reviews $0.60–$0.90 Zone After 1,300% Rally
SUI Price Faces Major Resistance at $5.36
Moreover, the data from Sui Community highlighted that SUI has a key resistance near where the SUI price stopped bullish momentum on earlier market expansions.
Traders are identifying structure and not short-term weakness post a recent pullback. Previous supply event zones may once more affect price action, market participants note, as momentum now tests whether buyers might be able to overcome areas of prior rejection.
Source: Sui Community’s X Post
According to technical analysts, the upside levels of $2.02, $4.44, and then finally $5.36 are three major resistance zones that have been historically working as hurdle points.
As the SUI price makes another approach to these levels, this time traders will be highly focused on determining whether the strength behind the breakout is bullish enough or if a new consolidation begins in the near-term outlook.
SUI Network Crosses 15 Billion Transaction Milestone
The data from Sui Community further highlighted that the Sui blockchain set a significant milestone with total transactions greater than 15 billion.
Booming chain transaction volume signifies higher blockchain user adoption at the same time as builders hold to expand a dramatic new era of scalable, price-powerful, and consumer-pleasant chains in preference to competing with their predecessors.
Source: Sui Community’s X Post
One of the main reasons for this growth is the increase in gasless stablecoin transfers, which enables users to transfer assets without paying traditional gas fees.
Sui enhances user experience & adoption through frictionless transactions. The trend shows indicators of larger-scale outputs in the real sector outside the high-speed speculative trading activity.
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
Also Read: SUI Price Prediction: Will Strong Support Trigger a Rally Toward $5.36?
