What to know:
- SUI shows early accumulation after a downtrend as buyers absorb selling pressure near key support.
- Consolidation in the $0.74–$0.85 range suggests potential reversal, but breakout needs stronger volume.
- If momentum builds, SUI targets may extend toward $1.05, $1.38, and $1.73 in recovery.
Sui (SUI) shows early accumulation after a downtrend, with the SUI price stabilizing at support as selling pressure fades. Consolidation suggests a possible trend shift, but confirmation needs stronger volume and a breakout. Resistance remains active, and while recovery is possible, further downside moves cannot be ruled out before any sustained upside.
At the time of writing, SUI is trading at $0.7692 with a 24-hour trading volume of $310.21 million and a market capitalization of $3.09 billion. Despite the 2.18% gain over the last 24 hours, the SUI price structure points to a reversal ahead.
Source: CoinMarketCap
Also Read: SUI Price Holds Key Support Despite 4 Major Ecosystem Breakthroughs
SUI Price Signals Potential Reversal After Bearish Phase
According to the crypto analyst BitGuru, the SUI price is showing early signs of accumulation after a prolonged downtrend, with price action stabilizing around a key support zone.
Sellers appear to be losing momentum as repeated defenses of this level suggest demand is gradually absorbing supply. The structure now reflects consolidation, often seen before potential trend shifts or recovery attempts.
Source: BitGuru’s X Post
The SUI may begin to inch its way up against increasing resistance if buyers continue to control the trend. However, without further strength in terms of volume or the actual breakout of support, the SUI price could move in a neutral position, with possible opportunities for both accumulation and bearish pressure.
SUI Price Breakout Could Push the Rally Toward $1.73
Moreover, the data from the Sui Community further highlighted that the SUI price continues to face rejection in the $0.747-$0.855 region, as the selling pressure is present in this range.
The bigger picture remains distorted after the flash crash in October, with short-term structure remaining unclear. However, it looks like a recovery period may begin, based on the overall momentum.
Source: Sui Community’s X Post
The market sentiment is still geared towards a further move lower, either once or twice, before a break above the $0.855 level can be seen.
However, if the bulls gain control of the SUI price action, their next targets would be $1.05, $1.38, and $1.73, which serve as consecutive levels of resistance where the trend can continue to strengthen.
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 Targets $10 Rally as Layer-1 Blockchain Activity and Adoption Surge
Be the first to comment