Following the broad correction in the price of Sui, the cryptocurrency’s stabilization near the $1 level is attracting the attention of market participants. Recently, critical areas that can be both short-term support and the beginning of a new rise for SUI have begun to come to the fore.
The price of Sui decreased by 5.7 percent in the last 24 hours, falling to $ 1.0099. In the charts, there was an increase in transaction volume with the testing of the 1 dollar support, which is a psychologically important limit.
This decline came after SUI failed to hold at $1.41. In technical analysis, the $1.41 level is seen as an important threshold in terms of Fibonacci retracement zones, and this point is shown as the first target for the price to recover.
SUI had previously entered a gradual downward trend after rising to $4.14. Important support points such as $3.50, $3.10, $2.78, $2.45 and $2.00 were lost one by one. This indicates that selling pressure dominates the market.
If the price falls below $1, the next support points are at $0.85 and $0.75. Experts state that if the selling pressure increases further, a withdrawal to the $0.60 level may be possible.
| Price Level | Importance |
|---|---|
| $1.41 | Critical resistance, first recovery target |
| $2.01 | Previously broken major resistance |
| $1.00 | Psychological main support |
| $0.85–$0.75 | Next possible support zones |
Investors are watching critical levels for recovery
While it is a matter of curiosity among investors whether there will be a new wave of purchases in SUI, the general interest in the market also changes in short intervals. According to analysts’ comments, it was observed that investor interest decreased significantly when the price approached 1 dollar. On the other hand, recovery of the $1.41 and $2.01 areas in the short term is considered a sign of a healthier upward movement.
Some market experts think that if these levels are exceeded, there may be attacks first to $1.70 and then again to $2.01. The $2.01 level stands out as an important resistance zone where SUI has previously fallen rapidly.
According to a market analyst, the positive sentiment that occurred when SUI was above $5 gave way to silence as the price approached $1, and many investors are now re-evaluating their positions. The analyst drew attention to the current process with the words, “Now may be the right time to evaluate structural change.”
Momentum indicators remain weak
On the daily chart, technical indicators point to a weak outlook in SUI. The MACD indicator has moved slightly into the negative zone and has not yet given a clear signal of recovery.
RSI (Relative Strength Index) decreased to 42 and continues to remain below the 50 level, which is considered neutral. This shows that buyers have not yet gained clear strength. If the RSI rises above 50, the short-term outlook may turn positive; If it falls below 40, there may be a risk of a new downward wave.
In the general chart view, the SUI price is still trying to hold on to the $1 support, but serious pressure continues on the resistance levels. Market observers state that a new upward movement is only possible with strong volume and exceeding the $ 1.41-2.01 regions.
Mini dictionary: MACD is a technical analysis indicator that helps detect possible trend reversals and momentum by examining the relationship between short-term and long-term moving averages of financial assets.
