Sui Climbs Over 15% — What's Next?

SUI has experienced one of its strongest short-term moves in recent weeks. After forming a local bottom, buyers responded strongly, pushing the price up by more than 30%. The question now is whether SUI can maintain this momentum and gradually challenge the next resistance levels, or whether the recent rally could give way to another pullback.

SUI technical analysis

SUIUSD - 1 Day Time Frame

After forming a local low at approximately $0.64, SUI recorded a strong move to the upside, with the price climbing as high as $0.95. SUI is therefore currently trading more than 30% above its local bottom, at approximately $0.83.

The first and most important support area is located at $0.78. The market has already reacted to this zone twice, highlighting its importance. If the price returns to this area in the coming days, stronger buying activity could emerge. However, a high-timeframe candle close below $0.78 could weaken the current market structure and, from a price action perspective, increase the possibility of further downside.

If SUI fails to hold this important support area, the market could move lower. In that case, attention could shift toward the second support level at approximately $0.65. Here as well, buyer activity could be important to monitor. A strong reaction from this level, followed by a candle close above the support and renewed upside momentum, could provide an early indication of another short-term trend reversal.

SUI price target

If SUI finds enough strength to continue moving higher, the first target could be the strong resistance level at $0.90. A significant decline previously began from this area, meaning increased selling pressure could emerge again. If buyers manage to break through this zone, a candle close above $0.90 could strengthen the case for further upside. In the event of a subsequent pullback, holding above this area could help confirm the breakout and open the way toward the second target.

The second target is located at $1.04. This area is also close to the psychologically important $1.00 level, meaning increased selling pressure and stronger competition between buyers and sellers could emerge. If this area is successfully broken, the third target could be the resistance at $1.12.

The fourth and final target is located at $1.33. This represents a significant resistance area that could become another important point for profit-taking if the price continues to rise. If SUI eventually breaks above $1.33, a candle close above this level could provide further confirmation of continued bullish momentum.

From a broader perspective, SUI is showing renewed strength after a prolonged period of weakness. Holding key support levels and overcoming major resistance zones could be important for determining whether the current recovery develops into a more sustainable bullish trend.

Crypto assets are unregulated, decentralised and highly volatile assets which entail substantial risks and you may lose all invested capital. Refer to the Disclaimers for detailed information on potential risks.