Sui’s Comeback: Can It Hold? Why the $2.08 Price Point Is Make-or-Break

Sui's rally has traders buzzing—but is this rebound built to last? All eyes now lock onto that critical $2.08 resistance level.

Breaking down the momentum

The network's recent surge defies last quarter's bearish slump. Yet seasoned crypto vets know: dead cat bounces love wearing bull disguises.

The $2.08 litmus test

This isn't just another psychological round number. Technicals show heavy liquidation clusters stacked like casino chips at this precise valuation threshold.

Market makers versus retail

Whales accumulate while Telegram groups hyperventilate—the timeless dance of smart money front-running bag holders. Will Sui's tokenomics play out differently? (Spoiler: They never do.)

Either way, grab popcorn. Nothing entertains like watching leverage traders rediscover gravity.

Source: SUI/USDT on TradingView

Based on the rally toward the end of 2024, a set of Fibonacci retracement levels was plotted (yellow). The 78.6% level was at $2.43 and had been perfectly retested on the 22nd of June. It acted as a support.

Combined with the Bitcoin [BTC] bounce from $101k to $106k on Monday, the Sui recovery could be underway.

However, it was too early to tell. On the 1-week timeframe, the A/D indicator has made a series of lower highs in 2025, signaling persistent selling pressure. The CMF was at -0.08 and showed sizeable capital outflow.

The MFI remained bullish despite the past month’s pullback. This hinted at reduced selling volume, a trend that was confirmed by the below-average weekly trading volume bars.

The weekly market structure was bullish following a structure break (cyan) in early May.

Does the 1-day chart agree?

Source: SUI/USDT on TradingView

The daily chart showed a bearish structure for SUI after it fell below $3.12 in the first week of June.

The A/D indicator has been trending downward for a month, and the CMF was in neutral territory to reflect a lack of sizeable capital FLOW in or out of the market. The MFI was at 30.5 to showcase bearishness.

There were two key support levels at $2.08 (white) and $1.71 (green). The former level was a support from March/April, while the latter marked the swing low of the weekly chart.

A drop below $1.71 WOULD shift the weekly structure bearishly.

Based on the current trend, there was a chance that $2.08 might be retested. However, if bitcoin can remain above the $100k support zone and keep the market sentiment bullish, Sui might see increased demand.

Rising buying pressure and a flip of the $3 level to support would be a strong signal that the altcoin was set to rally higher.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion