- SUI shows early signs of recovery from $1.90, but the price must break $3.10 to confirm a stronger bullish move.
- Technical charts reveal consistent downward pressure from October highs, with short rebounds struggling to gain momentum.
- Elliott Wave analysis points to a critical support near $0.889 while buyers cautiously regain control around $2.20–$2.30.
SUI market is signaling a point toward a potential bottom in late 2025. On Binance, the SUI/USDT pair shows signs of a measured rebound after a prolonged decline from October highs. Analyst Ali on X noted, “After perfectly calling the top on October 7, the TD Sequential now flashes a buy signal for $SUI.”
This alert comes as the coin struggles to recover from levels near $1.90 following an early October peak around $3.90. The market has exhibited consistent downward pressure, yet early November candles indicate modest upward momentum toward $2.20.
The chart from Ali illustrates a clear cycle. Initial bullish momentum peaked near $3.90, followed by strong selling confirmed through large black candlesticks. Subsequently, the price recorded lower highs and lower lows, with minor recoveries failing to breach prior swing highs.
Around mid-October, consolidation occurred between $2.40 and $2.80 before another bearish candle pushed the price down. By late October, the market reached $1.90, marked by a green “2,” signaling renewed short-term buying interest. Red labels “1” and “9” on the chart denote critical pivot points, indicating shifts in momentum and trader activity.
Elliott Wave Insights Suggest Further Moves
Analyst Nology on X also provided a detailed Elliott Wave perspective. The SUI/Tether perpetual futures chart traces a five-wave impulse from early 2025, peaking at $4.30. Wave 5 completion triggered a corrective A-B-C pattern, with the current C wave descending to $2.1651. Nology warns, “$SUI hit the 0.889. It’s the last line of defense for this count. Now or never.”
Key support levels appear at $3.10, $2.80, $2.30, and $1.90, while the $0.889 level marks a critical target for wave C completion. Consequently, traders monitor these zones closely to assess risk and potential rebound strength.
Besides the technical setups, SUI’s modest recovery from $1.90 shows buyers cautiously regaining control. White candles reflect short-term upward movements, yet the price remains far below October’s peak, confirming a broader bearish trend.
Additionally, the chart highlights distribution at higher levels transitioning to accumulation near recent lows. The sequence of large bearish candles followed by smaller recoveries underscores ongoing market control by sellers.
