- SUI remains above key support, maintaining potential for high-timeframe reversal.
- A breakout above resistance levels could trigger a significant midterm price rally.
- Momentum indicators suggest early stabilization, but the broader trend still favors sellers.
SUI is trading at $1.55, sitting directly on a long-term ascending support line that has triggered major rallies in previous cycles. The price has entered the strong demand zone between $1.30 and $1.60, where buyers historically stepped in aggressively. As long as SUI stays above $1.40, the structure remains intact, keeping the potential for another high-timeframe reversal alive.
For a confirmed bullish reversal, SUI must reclaim immediate resistance at $2.09, followed by a breakout above the descending trendline near $2.40–$2.60. Clearing this region opens mid-term targets at $3.20 and $4.00, matching previous structural pivot zones. If momentum strengthens, the chart indicates a high-probability extension toward the macro target at $10.00, signaling a potential multi-month continuation rally.
Source: @CryptoPatel
If SUI fails to hold the ascending support, the first breakdown zone lies at $1.40, which would invalidate the bullish setup. A loss of this level exposes the next major support at $1.00–$1.10, where buyers may attempt a rebound. In a deeper correction, the price could revisit the extreme capitulation target near $0.80, marking the final defensive region before structural failure.
Also Read: Sui Price Analysis: Can SUI Recover From Its Downtrend and Rally to $20?
Momentum shows weakness, hinting at early stabilization.
Technically, the value of RSI at 35.31 is positioning the SUI close to the oversold region, implying that there is constant bear pressure but signs of a possible stabilizing trend. Although the curve is mildly positive, this is a sign that the pace of sales is gradually losing strength after such a long downtrend.
Source: TradingView
The MACD is strongly bearish, as the MACD line is beneath the signal line, and both lines lie deep in the negative region. Although the histogram bars are diminishing, this is a sign of a decline in the rate of fall, but a bullish cross is absent. It is a sign that the larger trend is dominated by the sellers.
Ecosystem Expansion Strengthens Sui’s Market Outlook
Moreover, the data from Sui revealed that the perpetual environment offered by Sui has witnessed new development with the emergence of a new platform known as @AftermathFi, which is a platform that supports and enhances derivative trading on the chain. This is a step forward for the development of the DeFi platform offered by Sui.
In the latest livestream, @0xairtx talked about the reasons behind picking the Sui chain for their product. They said that the main reasons that led them to pick the chain for creating a perpetual trading solution product include performance, reliability, and the architecture of the chain.
Also Read: SUI Price Prediction: Could Hit $5.36 After Strong Bounce
