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After weeks of steady selling pressure, the SUI price is now standing at a crucial point. The token recently slipped below the key $1 support level, extending a clear pattern of lower highs and lower lows. Sellers have controlled the structure for some time, and the latest breakdown pushed SUI back into the price range it traded in before the 2025 breakout. Now, price is sitting inside a familiar demand zone that previously sparked strong upside momentum.
In the meantime, the descending resistance remains firmly in place, and there are no confirmed signs of a trend reversal yet. So the big question is simple: can this support zone trigger a rebound, or is SUI preparing for another leg lower?
SUI faced a sharp rejection in the early days of the year, which quickly evolved into a deeper correction, wiping out nearly 55% of its previous gains. Although bulls stepped in to slow the decline, they failed to reclaim and hold above the crucial $1 level, keeping the broader structure under pressure. At present, price continues to trade below key resistance, suggesting sellers still hold the upper hand. However, similar demand zones in the past have triggered strong rebounds. The question now is whether bulls can regain momentum or if another leg lower is still ahead.
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SUI is not “just consolidating”—it’s compressing after a completed impulse, which is exactly where asymmetric trades form. The weekly structure shows two full expansion cycles (+505% and +1050%), each preceded by a falling wedge and a higher low on the macro trendline. The current price action is repeating that same playbook.
What matters now is where risk is defined. The $0.90–$0.95 zone is the line bulls must defend. Price is compressing into the apex of the wedge while volatility is contracting, a classic pre-expansion condition. This is not weakness; it’s energy storage.
If the SUI price reclaims $1.30–$1.36 on a weekly close, it confirms Wave 3 initiation. That opens measured targets at $2.22 → $3.53 → $4.90, with an extended cycle projection toward $6.5–$13 if momentum mirrors prior waves. Failure only occurs on a weekly close below $0.85; until then, downside is defined, and upside is exponential.
FAQs
SUI fell below $1 due to sustained selling pressure, lower highs, and failed attempts by bulls to reclaim key resistance levels.
A rebound is possible if buyers reclaim $1.30–$1.36 on a weekly close, confirming a potential bullish Wave 3 cycle.
Measured upside targets start at $2.22, followed by $3.53 and $4.90, with extended projections toward $6.5–$13.
SUI would confirm downside failure only on a weekly close below $0.85, which defines risk for bulls and sellers’ control.