SUI Holds Critical $0.89-$0.90 Support Zone, Traders Target $0.98 Resistance for Relief Rally
SUI has stabilized near a key support zone between $0.89 and $0.90 following recent market volatility. The token now faces a decisive test: maintaining this level could spark a relief rally toward the $0.96-$0.98 resistance range, while a breakdown may invite further downside pressure.
Trading at $0.9669 with $764.15 million in 24-hour volume, SUI's 4.83% gain reflects cautious optimism among traders. Analyst BitGuru notes the $0.89-$0.90 range has transformed into a demand zone after repeated rejections at higher price levels. 'If buying interest materializes here,' he observes, 'we could see a pop toward $0.98—a clear short-term bullish signal.'
With a $3.72 billion market capitalization, SUI maintains its position as a mid-tier digital asset. Market participants are closely monitoring for either confirmation of this support zone or a breakdown below it, which will determine SUI's next significant price movement.
