The SUI token is testing the critical $1 support level amid a sustained bearish trend across altcoin markets. According to analysis, the asset remains in a clear downtrend with key resistance between $1.05 and $1.12 and critical support identified at $0.80–$0.90. Technical indicators, including a low RSI and negative MACD, continue to show weak momentum for the cryptocurrency.
The SUI token is testing a key $1 support level as investors assess its potential for stabilization after weeks of decline. At the time of writing, SUI is trading at $1.00, posting a 1.07% gain over 24 hours according to data from CoinMarketCap, with a market capitalization of $3.86 billion.
Crypto analyst BitGuru stated that SUI remains in a clear downtrend with several failed consolidation attempts. The analyst identified a critical support zone between $0.80 and $0.90 and near-term resistance between $1.05 and $1.12.
Technical indicators on the weekly timeframe maintain a bearish market structure. The Relative Strength Index is around 31.8, just above oversold territory, while the price trades significantly below its major moving averages.
The MACD indicator remains in the negative zone with the MACD line at -0.48 and the signal line at -0.43. BitGuru notes that for a sustainable recovery, SUI must break through resistance levels and move above key moving averages.
Until such signals emerge, the overall bias remains tilted to the downside. The $0.80–$0.90 support zone remains a crucial area to watch in upcoming trading sessions.
