Sui price has been trading under significant selling pressure for quite some time, while bulls have managed to defend the support zone over the past few weeks. However, the selling pressure has intensified lately, dragging the token closer to its yearly lows. SUI is now hovering near the crucial $0.65–$0.68 support zone, putting bulls at an important decision point. With the broader structure still favoring sellers, the key question is whether SUI can hold this support and begin a recovery toward $1, or whether another leg lower is on the horizon.
SUI has been under sustained selling pressure, with the recent breakdown below the long-term rising trendline further weakening the broader structure. After losing the $0.80–$0.90 support zone, the price has now moved toward the $0.65–$0.68 area, which is the key support zone on the chart. A strong reaction from this level could allow bulls to stabilize the price, while a decisive breakdown would signal further weakness.
The Open Interest is around $70.4 million, showing that traders continue to hold significant positions despite the decline, while the CMF at -0.15 points to continued selling pressure and weak money flow. If SUI manages to defend the current support, the first recovery hurdle would be the $0.80–$0.90 zone, followed by $0.959 and eventually the $1 mark. For now, however, the chart remains tilted toward the bears until buyers reclaim the broken support levels.
Key Levels to Monitor
- $0.65–$0.68: Crucial support zone. Holding this area could allow SUI to stabilize and trigger a recovery.
- $0.80–$0.90: Major resistance and previous support zone. Reclaiming it would strengthen the bullish case.
- $0.959: Next resistance level and an important hurdle before the $1 target.
- $1.00: Key psychological resistance. A sustained move above $1 would signal a stronger recovery.
- Below $0.65: A breakdown would weaken the bullish setup and increase the risk of further downside.
The current setup does not give bulls much confirmation yet. The negative CMF suggests that buying pressure remains weak, while the elevated Open Interest shows that traders are still heavily positioned around the SUI price despite the decline. Until money flow improves and price starts reclaiming broken resistance, a sustained recovery toward $1 looks like a possibility rather than the base case.
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