SUI price is testing a crucial resistance zone between $1.67 and $2.21 as a corrective rebound challenges the broader bearish structure. Technical analysis from @Morecryptoonl indicates this three-wave advance follows a completed impulsive decline and a basing phase near the $1.10–$1.40 region, which aligns with key Fibonacci extension levels.
The current rebound appears to be a corrective ABC formation rather than a fresh impulsive trend. Price behavior near the $1.95 to $2.20 range is critical—a rejection would favor continuation lower, potentially targeting the $0.55 region in a five-wave decline scenario. Conversely, acceptance above $2.21 would weaken the prevailing bearish structure, with higher resistance levels near $3.80 to $4.50 becoming relevant only if SUI establishes impulsive momentum.
Meanwhile, Solana (SOL) is displaying relative strength, rebounding sharply from the low-$120s and respecting an ascending trendline toward the $140 region. Both SUI and SOL are holding constructive structures while Bitcoin consolidates below the pivotal $92,000 threshold.
Bitcoin reclaiming $92,000 remains the key near-term trigger for broader altcoin expansion. The market is balancing short-term recovery against higher-timeframe corrective pressure, with direction hinging on reactions at established resistance zones.
Separately, SUI price predictions for 2026 are gaining traction amid renewed ETF chatter and capital rotation into scalable smart-contract networks. The layer-1 token is positioning itself as a low-fee Ethereum alternative, with its object-based model maintaining efficiency during peak usage. Some analysts suggest SUI could break into the crypto top 10 by 2026 if user growth remains steady.
