SUI Crashes Into Crucial Support – Bounce or Breakdown Ahead?

SUI drops 70% to $1.66 amid pressured promoting. Analysts eye $1–$1.70 zone as potential accumulation space whereas community exercise stays robust.

Sui (SUI) has dropped to $1.66 following a 70% decline from its all-time excessive of $5.35. The current transfer has drawn consideration from analysts, who level to indicators of pressured promoting and potential positioning reset.

With quantity rising and the worth reaching key ranges, merchants are watching to see if this marks the beginning of accumulation.

Value Assessments Key Support Ranges

Crypto Patel described the transfer as a “basic capitulation flush,” noting that the $1.7 to $1 vary could possibly be seen as an institutional accumulation zone.

“Compelled liquidations full. Weak fingers out. Positioning reset,” he stated.

Patel additionally added {that a} shift in market liquidity may reopen the trail towards increased targets.

SUI is now testing a key assist zone close to $1.65. Beneath that, the $1 to $0.9 vary is recognized as a deeper assist. These zones have held earlier than and are being monitored carefully. The worth stability above these ranges may appeal to curiosity, whereas failure to carry might set off additional decline.

Development Construction Stays Below Strain

SUI continues to commerce inside a broader downtrend, with decrease highs forming since early 2025. Daan Crypto Trades noted that the $1.71 space must be recovered to substantiate a possible bounce. “Searching for this to retake the $1.71 space,” he posted, referring to that degree as key horizontal assist on the upper timeframe.

SUI can be sitting close to the decrease boundary of a long-term development channel. The final time the worth reached this line, it climbed over 1,000%. The identical degree is now being retested. A rebound from right here would hold the construction intact. A break under would shift the setup to a weaker outlook.

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Nevertheless, the weekly RSI is studying 35, sitting simply above the oversold threshold. This factors to ongoing weak spot, but in addition exhibits that the asset is nearing an space the place previous reversals have fashioned.

In the meantime, the MACD stays in damaging territory with a bearish crossover nonetheless lively. Pink histogram bars are rising, which means that downward momentum is just not but easing.

These indicators level to a market nonetheless beneath stress. A shift in development would should be confirmed by energy in each worth and momentum indicators.

Whereas the token has struggled, exercise within the Sui ecosystem stays. Bluefin, a decentralized alternate constructed on Sui, noticed report quantity in October. Grayscale launched new funding merchandise tied to tasks on the community. As we reported final month, Sui additionally partnered with Determine Know-how to launch the YLDS token, which is backed by short-term Treasurys and repo agreements.