Sui (SUI) Price Eyes $1.90 After Smashing Through Critical $1.60 Milestone
Sui isn't asking for permission. The layer-1 blockchain's native token just blasted past a major resistance level, and the charts are now pointing toward a run that could add another 30% to its price.
The $1.60 Breakthrough: Why It Matters
In the crypto markets, price isn't just a number—it's a psychological battleground. The $1.60 mark had been acting as a ceiling, a point where selling pressure consistently overwhelmed buyers. Sui's decisive move above that level isn't just a technical win; it signals a fundamental shift in momentum. It tells the market that the bulls have finally seized control, flipping former resistance into a new foundation for growth.
The Path to $1.90
With the $1.60 barrier cleared, the next logical target sits at $1.90. This projection isn't pulled from thin air—it's based on the measured move from the recent consolidation pattern. The rally lacks major overhead resistance until that zone, giving the token clear air to climb. Of course, this assumes the broader market doesn't decide to throw one of its signature tantrums—always a risk when you're trading digital assets alongside traditional finance's mood swings.
What's Fueling the Move?
While technicals paint the picture, fundamentals often light the fuse. Sui's ecosystem has been quietly building, with developer activity and total value locked (TVL) showing resilience even during market downturns. Its object-centric model and parallel execution offer a tangible scaling argument in a crowded field. When a project demonstrates real utility, the price eventually catches up—or so the theory goes. Sometimes the market just needs a nudge from a key technical level to pay attention.
The Verdict: Cautious Optimism
The setup is compelling. A clean breakout, a clear technical target, and underlying fundamentals that don't rely purely on hype. The journey to $1.90 won't be a straight line—volatility is the only guarantee in crypto. But for now, the trend is Sui's friend. Just remember, in an industry where 'fundamentals' can sometimes mean a catchy tweet from an influencer, it pays to watch the price action as closely as the press releases.
SUI Technical Outlook Points to a Potential Bounce
The chart displays that since mid-October, there has been a constant downturn in the price, moving below the 20-period moving average and the lower Bollinger Band. Although it accelerated a recovery at the end of November from a low of approximately $1.12 to above $1.59, which indicates a likely bounce, with the Bollinger Bands being sufficiently wide.
Source: TradingView
There is a hint of a change in momentum, as the MACD line is approaching the signal line with a positive histogram. The RSI is moving from below 30 to approximately 34.89, as the selling pressure is easing. But the overall downturn will be over only once the mid Bollinger Band is broken above at approximately $1.90.
SUI Could Bounce Above $1.60 if Support Holds Strong
Additionally, the crypto analyst, Ali, highlighted that sui is currently testing a strong support level that may dictate its future course. Analysts say that sustaining this level is crucial for sustaining positive sentiment. Failure to do so will likely trigger further sell-offs. This is one level traders closely monitor, as this area is identified as a critical point that will fuel near-term sentiment.
Source: Ali
If this support holds, SUI may quickly target the $1.60 level, which may indicate a strong comeback. Successful targeting of the level may draw more attention from both individual and institutional investors. Analysts indicate that breaking through the $1.60 barrier may also offer a psychological boost, as this may further enhance positive sentiments for the future course of the token.
Also Read: Sui (SUI) Price Outlook: Strong Support at $1.55 Could Ignite a Run Toward $10
