- SUI has retreated toward $0.82 after failing to sustain its $1.30 recovery, leaving the $0.80–$0.85 support zone under close watch.
- Network-funded buybacks have reached 1.1 million SUI tokens, while Samsung Wallet plans USDC access across 82 million Galaxy devices.
- A recovery of $0.90 to $1.00 will return the way to $1.30, $1.45 and ultimately to the highs of around $2.02.
SUI price action is soon to test a key support level as sellers remain active. Previous recovery patterns and network developments provide further context to gauge its next move.
SUI Struggles to Maintain Its Recovery Structure
Giannis Andreou identifies $0.80–$0.85 as the foundation for another recovery. His analysis compares earlier advances from $0.82 and $0.66. Those rebounds produced gains of approximately 73.2% and 97%, respectively.
However, the latest price movement shows renewed weakness after reaching $1.30. SUI currently trades around $0.8242, down 2.7% over 24 hours. The drop came after multiple attempts to hold on to gains to $0.84 – $0.85 proved unsuccessful.
The intraday chart as of writing illustrates a sudden decline towards $0.81 around midnight. Buyers attempted several rebounds, but resistance repeatedly interrupted their progress. Another decline toward $0.808–$0.810 attracted buying interest during morning trading.
SUI has already moved above its previous descending trendline.However, maintaining the $0.80–$0.85 region remains essential. Losing $0.80 would weaken the recovery structure and return attention toward $0.66.
Network Buybacks and Samsung Wallet Expand SUI’s Prospects
Sui Insiders reported that the network has repurchased 1.1 million SUI tokens. These purchases reportedly use on-chain network fees and daily stablecoin yields. The purchase allegedly involves on-chain network fees and daily stablecoin yields. The deal links generated income with recurring purchases of its own token.
These transactions create a demand other than normal market trading. If the tokens that they have bought are not properly managed, their impact on available supply is negative. The reported information does not establish whether these tokens are burned or retained.
Meanwhile, Sui Insiders reported an upcoming Samsung Wallet integration involving USDC. The reported rollout targets approximately 82 million Galaxy devices across the United States. The integration was expected later in November, according to the November 7 announcement.
Wider USDC access could make Sui-based transactions easier for additional users. Increased participation could also generate more activity across the network. Higher transaction volumes may contribute additional fees supporting future buybacks.
Key Price Levels Define the Next Recovery Attempt
The immediate technical requirement remains a sustained hold above $0.80. Buyers would then need to reclaim the $0.90–$1.00 resistance range. A successful retest would provide stronger evidence of improving market conditions.
Beyond that range, the $1.25–$1.30 region becomes the next major obstacle. This area previously attracted selling pressure during the latest recovery. Clearing it could bring $1.40–$1.45 into focus.
The next resistance band sits between $1.65 and $1.75. A successful breakout could eventually reopen the previous highs around $2.00–$2.02. However, reaching those levels requires several confirmed breakouts and successful retests.
Market statistics also show substantial activity despite the recent decline. SUI’s market capitalization stands near $3.412 billion, with $330.507 million in daily volume. Perpetual futures open interest remains around $877.584 million, showing considerable outstanding derivatives exposure.
For now, the $0.80 support level remains the immediate downside reference. Holding this area would preserve the possibility of another attempt toward $1.00. Until buyers reclaim higher resistance, the projected historical highs remain conditional targets.
