SUI is testing a critical support zone after the correction period. All eyes in the market are on whether buyers can maintain the current level. Although the technical outlook indicates some slowdown in selling pressure, the short-term picture remains cautious.
The price is at a critical threshold
SUI is trading at $0.7184 at the time of writing. In the last 24 hours, the transaction volume is 285.33 million dollars and the market value is 2.91 billion dollars. The token declined by 3.39% in the same time period. This decline coincides with the selling pressure in the overall cryptocurrency market.
Cryptocurrency analyst BitGuru states in its assessment dated July 24, 2026 that the SUI price retreated and checked an important support level. According to the analyst, this region stands out as one of the main areas where the price can change direction.
BitGuru evaluates that SUI has tested an important support level and if this area is maintained, there may be a basis for recovery.
If buyers defend the current range, SUI may move towards the $0.77 to $0.78 band. Exceeding this zone may increase buying appetite and pave the way for the upward movement to gain strength. On the other hand, losing support may bring additional selling pressure.
Indicators do not yet confirm recovery
Although technical indicators give some signs that the sales are slowing down, they show that the short-term pressure has not completely disappeared. SUI price remains below the middle Bollinger Band at $0.74149 and is trading close to the lower band at $0.70739. The upper Bollinger Band is at $0.77560.
Mini dictionary: Bollinger Band is a technical analysis tool used to monitor price volatility and possible support and resistance zones. While the middle band is generally used as a reference for short-term direction, the lower and upper bands indicate areas where the price may be extremely weak or extremely strong.
This structure shows that buyers have not yet established full control after the decline. The price’s return to the middle band may improve short-term sentiment and increase the possibility of a move to the upper resistance area. Sagging below the lower band may lead to deepening negative pressure.
The MACD indicator also supports the cautious outlook. The MACD line is at minus 0.00003 and is below the signal line at minus 0.00104. The fact that the histogram shows a slight positive movement at 0.00101 suggests that the downward momentum continues, but this pressure may have weakened compared to the previous period.
Maintaining the $0.707 support is important to keep the expectation for the $0.77 to $0.78 range in SUI alive.
Levels to watch in the short term
The support zone around $0.707 will be decisive for the short-term direction in the coming days. If it persists above this level, a new recovery attempt may come to the fore. If the price falls below the support, expectations for lower levels in the market may gain strength.
