SUI Navigates Critical Support Zone as Technicals Signal Pivotal Moment

SUI is testing a key support level at $1.62, a crucial threshold that must be reclaimed to signal a potential trend reversal. The token is currently trading NEAR $1.43, positioned below all major moving averages. A pattern of lower highs and lower lows confirms ongoing selling pressure, with immediate resistance forming between $1.44 and $1.48.

Technical indicators present a mixed outlook. The RSI sits at 41, indicating neither oversold conditions nor bullish momentum, while MACD histogram readings suggest downward momentum may be slowing. Bollinger Band contraction points to potential volatility ahead, with the $1.39–$1.40 range serving as critical support. A break below this level could accelerate declines toward $1.32.

The market structure remains delicate. Any upward MOVE faces significant overhead supply until $1.62 is decisively reclaimed—a level that now represents both a technical and psychological battleground for market participants.