SUI is facing mounting selling pressure and is dangerously close to its yearly lows. The token is now hovering around the critical $0.65–$0.68 support zone, a decisive level that will determine the next directional move. The key question: can bulls defend this floor and spark a rally back toward $1?
SUI Collapses Toward Yearly Lows: Technical Structure Deteriorates
The price of SUI has been trading under persistent bearish pressure for several weeks. After attempting to maintain a bullish structure, the token has gradually surrendered ground to sellers, erasing the gains accumulated during the last bull run of late 2024. The corrective momentum has accelerated sharply over recent days.
The token is now testing the major $0.65–$0.68 support zone, identified as the last line of defense before a more pronounced bearish extension. This level has already been defended by bulls in previous weeks, but repeated tests are structurally weakening this floor. A bearish breakout below $0.65 would open the door to even lower levels, potentially revisiting recent historical lows.
On the indicators side, the RSI is trading in oversold territory, signaling a potential short-term exhaustion of selling pressure. However, oversold conditions can persist in a strongly bearish market without triggering any meaningful bounce. The MACD remains in negative territory with an expanding histogram, confirming that sellers continue to dominate the current price structure.
Bullish vs. Bearish Scenario: Two Radically Opposite Paths
In a bullish scenario, SUI will need to hold the $0.65–$0.68 zone and generate a convincing reversal signal. A bounce from this support, accompanied by a surge in buying volume, could trigger a bullish retracement toward the intermediate resistance at $0.80, and then toward the psychological level of $1.00. This level represents the bulls’ primary target to confirm a trend recovery.
In a bearish scenario, a daily close below $0.65 would constitute a major capitulation signal. This downside breakout would expose SUI to an accelerated correction, with no solid structural support identified before lower price zones. Market sentiment would remain unfavorable, with the risk of cascading liquidations on leveraged long positions.
The $0.65–$0.68 zone therefore concentrates the bulk of the short-term technical stakes. Bulls must not only defend this level but also reclaim the resistance at $0.80 to have any hope of reigniting positive momentum toward $1.
Can SUI Reclaim $1? The Market Verdict
The technical structure of SUI remains fragile as long as the token trades below its key moving averages and the MACD fails to print a bullish crossover. A return to $1.00 is plausible, but it requires a series of conditions to align: defense of the $0.65–$0.68 support, a recovery in volume, and an improvement in overall sentiment across altcoins.
In the short term, the risk/reward ratio favors caution. The oversold RSI may offer a technical bounce, but without a fundamental catalyst or macro improvement, any rally risks being short-lived. Traders will be closely watching price reaction at the $0.65–$0.68 zone over the coming sessions to confirm or invalidate a recovery scenario.
The next key resistance levels to clear remain $0.80 and then $1.00 — two thresholds that will determine whether SUI can stage a genuine reversal or whether the current correction is part of a deeper, more sustained downtrend.
