- SUI is trading near $1.37, testing important support areas where buyers and sellers previously battled and prices paused.
- If SUI falls below $1.44, it may drop further, but getting above $1.45 and $1.60 could bring new buying interest.
- Recent strong sell-offs show heavy selling pressure, pointing to continued downward momentum and cautious trading conditions.
SUI is navigating significant price zones. According to analyst Daan Crypto Trades on X, “I’m closely watching large alts like $SUI for when the market finds a local bottom.”
According to the chart the analyst posted, SUI moved from early 2024 to late 2025. The price went through several ups and downs, with periods of growth followed by corrections. In early 2024, the price steadily climbed, but it pulled back around the middle of the year.
The chart also shows a clear peak near the end of 2024, followed by a sharp drop. The price bounced back in early 2025, reaching an even higher level in the first quarter. This level became the highest point on the chart before the price started to fall again.
The market then experiences lower highs and lower lows, resulting in a downward trend that lasts until mid-2025. During sharp declines, especially around October 2025, when candles have lengthy bodies and no recovery, suggesting strong selling momentum, volume increases.
Critical Price Levels Under Scrutiny
Two dotted horizontal lines appear around $1.60 and $1.44, representing zones of previous price reactions. Currently, SUI trades near $1.37 after extended declines, sitting below both reference levels. Analysts expect possible oscillation between these zones as past trading activity concentrated here.
Recent candles show a slight slowing in downward momentum near the lower level. Besides, volume during the latest decline records strong red bars, indicating persistent sell-side pressure.
Additionally, a lengthy rally in 2024, an extended topping phase in early 2025, and a general drop until late 2025 are all visible in the chart’s overall structure. As a result, $1.44 is a zone of near-term consolidation a key level to watch.
However, breaking below it could open the path for deeper retracements. Consequently, upward deviation above $1.45 and reclaiming $1.60 may attract renewed market interest.
