- SUI must defend $0.84–$0.87 before attempting a recovery toward $0.94–$1.00 and higher resistance levels.
- Reclaiming $1.35–$1.45 would put the lower rising channel boundary back under scrutiny as potential support.
- A daily close below $0.84 could expose $0.78–$0.80, followed by another support area near $0.70–$0.74.
Buyers are required to protect a few resistance levels and several support levels near the purchase price, if they do not, SUI will continue to decline in the market.
SUI Must Hold Its Immediate Demand Zone
The analysis identifies $0.84–$0.87 as the first area buyers must defend.
The market data displayed SUI near $0.8643, down 6.47% daily. Andreou’s earlier update cited approximately $0.8512 during the decline. When a token is placed near the demand zone, both readings do so. The $0.84 price level should continue to be a key short-term anchor, therefore.
The recent price structure shows how sharply market conditions have changed. SUI previously advanced from approximately $0.67 toward $2.00. That climb eventually lost momentum, followed by a sustained retreat. Price subsequently slipped beneath the rising channel’s lower boundary.
A daily close below $0.84 would weaken the recovery setup. The next marked support lies between $0.78 and $0.80. Further losses could bring $0.70–$0.74 into view. Those levels represent downside references rather than confirmed destinations.
Reclaiming Resistance Could Restore the Channel Structure
Buyers first need to recover the $0.94–$1.00 range. This area represents the initial reclaim level on Andreou’s chart. Holding above it would improve the short-term price structure.
The resistance band is in between $1.10 and $1.15. Climbing and holding above this level may be another test. The following barrier stands around $1.25–$1.30. That zone previously acted as resistance during earlier trading.
Beyond these horizontal levels, the lower channel boundary becomes important. Andreou places its current position around $1.35–$1.45. SUI must move above this rising line and hold. A successful retest from above would provide stronger evidence of recovery.
The boundary changes position as time passes. Therefore, $1.35–$1.45 should be treated as an approximate reference. A brief move above the line would not settle the matter. Buyers need sustained acceptance above it.
Higher Targets Depend on Sustained Buying Pressure
The chart places another resistance region around $1.65–$1.75. Reaching this area would require several successful reclaims. It would also demand stronger buying than recent sessions have shown. Until then, the level remains a later recovery hurdle.
Above that region, the upper channel boundary points toward $2.10. Andreou presents this as an illustrative future contact. Its projected value changes as the rising boundary advances. It should not be read as a fixed price objective.
The market data also shows increased trading activity during the decline. SUI’s displayed 24-hour volume reached approximately $546 million. That represented a 26.93% increase, while market capitalization stood near $3.57 billion. Higher volume alone does not confirm renewed demand.
For now, the immediate test remains the $0.84–$0.87 demand area. Buyers must then reclaim resistance in sequence. Failure below $0.84 would expose lower support levels. A broader recovery requires higher lows and successful retests across the channel.
