SUI posts double-digit gains as markets rebound, is $3 back in sight?
After several consecutive days in the red, the SUI token is showing signs of recovery as a sharp price rebound renews bullish sentiment.
SUI ( SUI ), the native token of the Sui layer-1 blockchain, has been on the rise in recent hours, posting roughly 15% in fresh gains. The rally marks the end of a month-long losing streak that saw the token break key support levels and drop to new lows.
At press time, SUI trades around $2.79, marking a strong recovery from the week’s low of $2.45. The rebound in the native token is not isolated and comes as investor sentiment improves across the broader crypto market amid easing geopolitical tensions.
SUI’s price chart |Source: crypto.news
While Bitcoin ( BTC ) and other major altcoins have led the market uptick , SUI stands out as a strong performer, posting double-digit gains that put it roughly 17% above its lowest point this month.
From a technical perspective, the native token is entering a crucial phase. SUI has been in a strong downtrend for the majority of this month and recently hit a low of $2.29, a price that hasn’t been seen since April.
Since then, the price has recovered slightly and is now resting at $2.79, a price right on the edge of the trend lines that can be seen on the chart. If the price continues to go up and goes above the $3 mark, there is the likelihood of a market reversal and increased upward momentum.
SUI’s market trend |Source: TradingView
After that, the next challenge will be to cross the Target 1 price, which was the last local high that was seen during the current downtrend, and the Target 2 price will be the subsequent challenge.
On the flip side, if momentum stalls, the first level to watch is $2.70, where a local low recently formed. A drop below this area could signal a strong bearish pressure and potentially send the price to the $2.39 low.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Australian Dollar breaks 0.69 as hot US CPI raises 50-bp Fed hike risk
Philadelphia Fed President Paulson supports gradual rate hikes but warns inflation is still “stuck ” above target
Core inflation is "stuck" in the 2.5%-3% range, with triple pressures from tariffs, energy, and AI data center demand. Paulson insists on gradual rate hikes while setting clear trigger conditions—if inflation expectations shift upwards or wage pressures build, he will move more quickly. Meanwhile, Governor Waller stated that if October's core CPI rises 0.3% month-on-month, a 50 basis point rate hike in December should be considered. Dallas Fed's Logan said at least two more rate hikes are needed.
During Anthropic IPO roadshow, OpenAI also discloses financial data: Q3 revenue falls short, losses far exceed expectations
OpenAI's revenue in Q3 reached $10 billion, marking a nearly 50% quarter-on-quarter increase. Its annualized run rate is approximately $50 billion, but operating losses have expanded from $10.1 billion to $10.9 billion. Competitor Anthropic has begun its IPO roadshow, with Q3 revenue of $17 billion and losses of only $567 million, leading in both scale and profitability.
Petrobras (PBR.US) Achieves Record Oil and Gas Production in Q3; Adjusted Net Profit Up 78% Year-on-Year, Raises Full-Year Production and Capital Expenditure Guidance
Petrobras released its Q3 2026 financial results after the US market close on November 10.
Crypto prices
More
