SUI is showing signs of stabilization after a deep correction, with the token trading near $1.07 and holding an important support zone around $1.04. Market analysts note that buyers are slowly returning, and a sustained hold above this level could set the stage for a push toward the $1.15–$1.20 resistance range.
According to CoinMarketCap, SUI is up 1.49% in the past 24 hours, with a market cap of $4.29 billion and 24-hour volume near $489.72 million. The circulating supply is 4 billion tokens out of a maximum 10 billion, giving a fully diluted valuation of $10.72 billion.
One market analyst commented, "SUI is starting to stabilize after a strong correction. Buyers are slowly stepping back in, and if momentum returns from this area, SUI could push back toward the 1.15 – 1.20 range again."
Technical analysis shows that SUI has fully retraced its prior bull run from $1.865 to $4.386, now trading well below the $1.865 Fibonacci level. The daily chart remains weak while price stays under that major resistance. A daily close above $1.86 would significantly alter the technical outlook, opening a path to higher Fibonacci hurdles at $2.404, $2.828, $3.125, and beyond. In the short term, the first upside test lies at $1.18–$1.20, followed by $1.50–$1.60.
Momentum indicators show early recovery attempts. The RSI sits near 52, above its midpoint but with a cooling histogram. The MACD is slightly bullish, with the MACD line above the signal line, but positive histogram bars remain small. This suggests recovery pressure is present but not yet strong.
If SUI fails to reclaim $1.20, the bearish scenario could see a retest of $0.90–$1.00. Conversely, a breakout above $1.20 may target $1.50, with a stronger recovery requiring a close above $1.86.
