Sui price is once again attracting attention after reaching a key long-term technical support level that some market analysts believe could decide its next major move. Despite the bearish pressure being experienced by the crypto token, analyst noted that maintaining this technical support could set the stage for recovery in the coming months.
According to TradingView, SUI is trading at $0.7528 at the time of writing, marking a gain of 1.29% in the previous 24 hours. The cryptocurrency had a trading volume of $379.49 million in the last 24 hours, while its market cap was $3.05 billion, with 0.14% share of the total crypto market.
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SUI Price Tests Critical Trendline Support
Crypto analyst Crypto Patel posted an analysis in his X post, noting that the SUI price is currently testing a critical HTF trendline support level that has served as an important price floor. According to the analyst, if this level holds, SUI price could embark on a massive bullish reversal that could see it delivering gains above 200% within the coming months.
According to the analyst, the market structure at the moment shows mixed but encouraging signals. SUI is currently trading at a higher low compared to its October 2025 bottom; however, it is trading at a lower low compared to the price level marked on February 6, 2026. This combination indicates that the market could be preparing for a reset ahead of embarking on a new bull run.
Technical Levels Point to Possible Recovery
According to the trading setup, the entry zone lies between $0.65 and $0.74, while the level of a weekly close below $0.64 would invalidate the setup’s bullish signal.
Some of the possible upside price targets highlighted by the analyst include levels at $0.86, $0.98, $1.18, $1.34, $1.50, $1.73, $2.02, $2.34, $2.55, and $2.86. Also mentioned in the analysis is the use of 8x leverage, and it is estimated that it could lead to returns as high as 2,400%, although such projections are based on the prevailing market conditions and are risky.
SUI Price Signals Potential Market Rebound
SUI is one of the popular Layer-1 blockchain tokens since its launch. Therefore, any price recovery for SUI could serve as a market indicator that the current altcoin market correction might be nearing its end.
Furthermore, the above-mentioned analysis for SUI comes at a time when Bitcoin, Solana, and some other major altcoins are displaying a similar chart structure. Many technical analysts are tracking these coins as indicators of a market rebound. If the buying interest picks up in the crypto sector, then the SUI price could join other Layer-1 networks in experiencing the same.
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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