* SUI rests on key support at $1.51, and traders are closely watching for either a breakdown or a short fakeout bounce.
* The upside remains capped by higher timeframe resistance, keeping the big trend under pressure despite the early stages of short-term stabilization.
* Momentum shows the selling pressure is easing, though there's no confirmation without a solid reclaim of the resistance.
When you step back and look at SUI’s recent price action, it’s pretty clear the market has calmed down compared to where it was a few weeks ago.
After a long slide lower and a deep pullback from its all-time high, the SUI price has settled into a zone where buyers keep showing up. That $1.51–$1.53 area has been tested several times now, and each dip into it has been met with buying.
Lately, the tone of the SUI chart has started to change. Volatility has tightened up, sell-offs aren’t lasting as long, and RSI has stopped drifting lower and begun to stabilize. It feels like sellers are losing urgency, which is often what happens before the market makes a decision.
That said, the hard part is still ahead. The SUI price has bounced from this support before, only to stall out near the $1.70–$1.80 range. That zone has rejected price every time so far, so until it’s cleared, the bigger downtrend is still technically in place. That’s why this consolidation matters so much, it’s not just about bouncing, it’s about whether the bounce actually sticks.
If the SUI price dips slightly below $1.51 and then quickly snaps back, the fakeout-and-bounce setup becomes much more convincing. In that scenario, a move toward the $1.70–$1.78 area starts to make sense, especially if momentum keeps improving.
If $1.51 breaks cleanly, though, the picture changes quickly. The price could slide back into lower demand zones, and SUI may need more time to build a proper base.
So where does that leave SUI right now?
It’s no longer in free fall, but it hasn’t confirmed a real reversal either. Everything comes down to how the SUI price behaves around $1.51. Hold it, and a relief move stays possible. Lose it, and patience will be needed again.
For now, SUI is sitting at one of those moments where the next move could define the next few weeks, and traders are watching closely.
For the full technical picture on SUI and a detailed breakdown of this setup, the complete article is available on CoinCodex:
coincodex.com/article/78456/sui-price-analysis-trader-watches-fakeout-and-bounce-setup-at-key-support/
* The upside remains capped by higher timeframe resistance, keeping the big trend under pressure despite the early stages of short-term stabilization.
* Momentum shows the selling pressure is easing, though there's no confirmation without a solid reclaim of the resistance.
When you step back and look at SUI’s recent price action, it’s pretty clear the market has calmed down compared to where it was a few weeks ago.
After a long slide lower and a deep pullback from its all-time high, the SUI price has settled into a zone where buyers keep showing up. That $1.51–$1.53 area has been tested several times now, and each dip into it has been met with buying.
Lately, the tone of the SUI chart has started to change. Volatility has tightened up, sell-offs aren’t lasting as long, and RSI has stopped drifting lower and begun to stabilize. It feels like sellers are losing urgency, which is often what happens before the market makes a decision.
That said, the hard part is still ahead. The SUI price has bounced from this support before, only to stall out near the $1.70–$1.80 range. That zone has rejected price every time so far, so until it’s cleared, the bigger downtrend is still technically in place. That’s why this consolidation matters so much, it’s not just about bouncing, it’s about whether the bounce actually sticks.
If the SUI price dips slightly below $1.51 and then quickly snaps back, the fakeout-and-bounce setup becomes much more convincing. In that scenario, a move toward the $1.70–$1.78 area starts to make sense, especially if momentum keeps improving.
If $1.51 breaks cleanly, though, the picture changes quickly. The price could slide back into lower demand zones, and SUI may need more time to build a proper base.
So where does that leave SUI right now?
It’s no longer in free fall, but it hasn’t confirmed a real reversal either. Everything comes down to how the SUI price behaves around $1.51. Hold it, and a relief move stays possible. Lose it, and patience will be needed again.
For now, SUI is sitting at one of those moments where the next move could define the next few weeks, and traders are watching closely.
For the full technical picture on SUI and a detailed breakdown of this setup, the complete article is available on CoinCodex:
coincodex.com/article/78456/sui-price-analysis-trader-watches-fakeout-and-bounce-setup-at-key-support/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.