- SUI’s drop to the $1.50 zone has become a potential recovery base after failed support breaks.
- Bullish signals emerge, with RSI divergence and buyers defending key 2024 support levels.
- Network metrics remain strong, with rising TVL and high DEX/perp activity supporting sentiment.
SUI trades near a recent low after a failed support break sent the market into a long consolidation band. Price moved between narrow levels and then continued lower, but the move toward the $1.50 area has created early signs of a recovery. Buyers are now attempting to guide price toward earlier mid-range levels.
Market Structure and Price Movement
SUI began its move with a failed support break that formed after a clear double bottom. The market then entered a broad consolidation zone between $1.89 and $1.77, and trading volume narrowed as activity slowed. Price stayed inside this band for several sessions and showed repeated tests of the lower boundary.
Downward pressure then increased again and pushed SUI below the consolidation floor. The market continued its broader downtrend as sellers kept control. Price moved toward the $1.55 region and formed a brief dip under recent lows. Buyers then created a reaction that held above the intraday low. According to an observation by BitGuru, this area has now become the base of a recovery attempt.
SUI moved toward $1.6351 with steady but limited momentum. The chart shows early upward pressure as the market tries to reclaim earlier levels. AltCryptoGems noted that SUI trades at a key support area that has been tracked since 2024. The analyst added that the RSI shows a bullish divergence as price forms lower lows.
Network Data and Market Activity
TVL data shows continued development in the SUI ecosystem. The network recorded $1.022 billion in TVL during the latest session. Application fees reached $386,217 and DEXs posted $427.76 million in daily volume. Perpetual markets added $113.5 million and bridged TVL reached $1.528 billion.
The long-term TVL chart shows steady growth from mid-2023 with higher peaks through 2025. SUI now trades at $1.47 with a market cap of $5.42 billion, according to data from DeFiLlama. Analysts note that buyer activity near the $1.50 level supports early signs of a trend shift as the market tries to build a base for a broader rebound.
