The SUI price has been sliding down for weeks now, and the chart makes it pretty clear why things haven’t improved.
The price keeps drifting lower, and every bounce fades before it even gets going. Crypto analyst Aman summed it up well in his update.
SUI hasn’t broken above its descending trendline a single time during this entire move down. Until that line finally gives way, the trend is still firmly bearish, no matter how oversold the chart looks.
What you'll learn 👉
SUI Just Can’t Break That Trendline
The daily chart shared by Aman tells the whole story. Every time the SUI price tries to push higher, even during attempts to reclaim the $1.80 area, the price taps the trendline and instantly gets rejected.
It’s the same pattern repeating again and again: a small bounce, a quick fade, and another lower low. That kind of clean rejection usually means sellers are still in full control, and bigger buyers aren’t stepping in yet. Even the occasional green candles don’t last long because volume dries up almost immediately.
When a recovery attempt shows weak volume, it’s usually a sign that the market isn’t ready to flip direction. That’s exactly what’s happening here: the SUI price is trying to bounce, but there’s just not enough buying pressure behind those moves.
Two Major Support Zones Could Be the Turning Point for SUI Price
Despite the downtrend, the SUI chart isn’t all negative. Kyle Chassé pointed out two strong supports that could give the SUI price a chance to stabilize.
The weekly chart highlights both zones clearly. The first support zone sits around $1.30–$1.35, where SUI spent a lot of time consolidating in early 2024. The second support zone is deeper, closer to $1.00–$1.05, and it’s the level that triggered sharp reversals in the past.
These levels matter because SUI has reacted strongly to them before. If the SUI price reaches one of these zones with a spike in volume, it could finally form a proper base for a trend reversal.
But if SUI breaks below both supports, things could get much uglier, especially with the larger trend still pointing downward.
Read Also: SUI Price Pattern That Triggered the Last Major Rally Is Back Again
What’s Next for SUI?
Even with strong support below, the only thing that really changes the story is a clean break above the descending trendline, a breakout likely needing a move back above $2.00 with strong volume behind it.
That’s the moment traders are waiting for, a breakout with strong volume behind it. Without that, SUI will likely continue drifting lower, no matter how many small bounces pop up along the way.
Right now, the SUI price is stuck between heavy selling pressure above and two important support levels below. Whichever side breaks first will decide the next big move. For the moment, the downtrend is still in control.
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