Key Insights
- SUI is hovering above $1.31–$1.32 support and is forming higher lows as a sign of active buyer participation.
- RSI is in the oversold territory showing a consolidation leading SUI toward $1.46–$1.60 resistance.
- SUI registered a $51M in stablecoin inflows into the SUI ecosystem, a move that created liquidity conditions favouring active market participation.
SUI is trading above the crucial $1.31 support after a 21.52% surge in 24 hours and is trading at $1.42 supported by $654.6M trading volume. This high volume reflects active participation in the market, a move that is building momentum toward $1.60 resistance. If this move materialises it could start a strong short-term recovery amid renewed market confidence in the token.
Key Support Around $1.31–$1.32 Could Fuel a Bounce
SUI has rebounded from the $1.31–$1.32 support zone, an area which has previously acted as a strong inflection point. Analysts have therefore noted that a rebound from this level indicates that buyers are defending the zone. If bulls defend it convincingly, then it could create a foundation for potential upward moves.
Market trackers view this support as pivotal, with price action forming a sequence of higher lows. Ali, a crypto analyst, through his famous Twitter page remarked that if the level holds, SUI could revisit $1.60 quickly. His analysis chart indicates a break of an initial resistance near $1.37–$1.38, followed by a move toward $1.44–$1.46.
His projections suggest that if momentum is sustained, short-term momentum may trend higher in favour of buyers. This scenario would allow the token to reclaim previous levels efficiently. Intraday movements confirm that SUI has climbed and is hovering around $1.43.
https://x.com/ali_charts/status/1995704979907379711?s=20
This gradual movement has led to the formation of a series of higher highs and higher lows. Consequently. volume during this period remained steady, signalling a potential accumulation rather than a temporary bounce. Therefore, if this upward structure continues, the next target is aligned with the mid-range resistance around $1.46.
Oversold Indicators Hint at Short-Term Recovery
SUI’s recorded declines of over 43% in the past month and 58% over six months. However, short-term indicators suggest that a possible recovery is forming. The RSI on the 1-hour and 4-hour charts is near oversold levels. Analysts often view this as a signal for a potential reversal after consolidating near the 100-period moving average.
Currently, the token is trading within a descending channel. Even so, the 50-day SMA around $2.62 shows a bearish crossover. A close above $1.37 could support bullish continuation, while breaking $1.31 may lead to further declines toward $1.20–$1.28. A lot of liquidity grabs are lying between $1.40–$1.50 long liquidations clusters.
Technical projections suggest short-term sentiment remains cautious. Regardless, a clean breakout above $1.50 would shift momentum positively. Notably, if buyers continue absorbing liquidity, SUI may find a credible path to retest prior highs near $1.60. If this materialises it could offer a potential upside for risk-tolerant investors.
Stablecoin Inflows Are Strengthening the Sui Ecosystem
To add to the bullish sentiments, the stablecoin market cap on Sui has risen to approximately $694.86 million. This move represents a massive 4.63% increase in the past week. This equates to roughly $51 million in fresh liquidity entering the ecosystem. In reciprocal, these inflows are supporting potential on-chain activity.
An increase in inflow is often an indication of redeployment of capital and usually precedes trading, staking, or asset rotation. According to analysts, this pattern may fuel buying pressure for SUI, strengthen liquidity pools, and support market resilience during periods of volatility.
However, looking at the shape of the inflow curve it shows active participation rather than passive holding. Such liquidity trends can serve as a precursor to short-term demand growth. Analysts believe that if momentum continues, SUI could experience further price recovery as the ecosystem strategically absorbs fresh capital.
