- SUI formed a double bottom at $3.09, signaling reversal strength and recovery momentum.
- Robinhood listing and $50M SUI Group buyback boosted accessibility and investor confidence.
- Analysts project a potential $9 target if SUI breaks the $3.74–$3.80 resistance zone.
SUI is recovering strongly after recording a major low at $3.09, forming a double bottom that signals reversal strength. $SUI steadily climbed through resistance zones and is now approaching the $3.74–$3.80 range, showing buyers are regaining control. Momentum remains supported by technical structures and recent corporate developments. At the time of writing, SUI was trading at $3.65.
Price Action and Reversal Patterns
SUI’s market activity shows a clear recovery trajectory after recording a deep correction from above $5.40. Following this drop, price rebounded toward $3.90 before falling again to $3.09, where the double bottom structure was established. According to an observation by Bit Guru, this pattern confirmed reversal strength and marked the turning point for buyers.
Price action has since shown consistent upward progression, supported by rising candles and strong participation from buyers. Current levels are pressing against the $3.74–$3.80 resistance zone, which is viewed as a critical range for continuation.
According to Kamran Asghar, the next wave structures could break key resistance, opening projections toward $9 in the longer term. Technical indicators also align with this recovery. RSI sits near 59, showing balanced momentum, while the MACD histogram records a positive reading. Moving averages further support the bullish case, with price trading above the 7-day and 12-day levels.
Institutional Catalysts and Market Accessibility
SUI’s recovery has also been supported by major institutional and retail catalysts this week. On September 10, Robinhood officially listed SUI for spot trading, expanding access to millions of retail users. This move introduced the asset to new liquidity pools and strengthened its market reach.
On September 12, SUI Group announced completion of a $2 million stock repurchase program at $4.30 per share and authorized a new $50 million buyback. According to Chairman Marius Barnett, the buyback decision was driven by undervaluation concerns and confidence in long-term prospects. Such initiatives often reduce circulating supply and enhance investor sentiment.
The combination of strong technical signals, new exchange listings, and institutional buyback programs has positioned SUI toward sustaining its recovery. Current trading activity continues to reinforce momentum as buyers maintain control near resistance levels.
