The cryptocurrency Sui (SUI) is consolidating after a midterm downtrend, trading near $0.90 after breaking key Fibonacci support levels. Crypto analyst BitGuru notes that holding support is critical to prevent further downside toward the $0.84 zone. Momentum indicators like the RSI and MACD currently reflect increasing bearish pressure in the market.
Sui (SUI) is trading near $0.90 after breaking below the key Fibonacci support level at $0.90309, signaling intensifying short-term bearish pressure. The token recently rejected the $0.98–$1.00 resistance zone before its decline.
Crypto analyst BitGuru noted that SUI is forming a consolidation base following its midterm downtrend. While consolidation can indicate a temporary balance between buyers and sellers, BitGuru cautions that holding nearby support levels remains critical to preventing further downside.
According to data from TradingView, the breakdown exposed lower Fibonacci extension targets beginning with $0.84079. Further potential support levels exist at $0.73998 and $0.63917 should selling pressure continue.
The Relative Strength Index (RSI) is around 31.78, just above the oversold threshold at 30. The Moving Average Convergence Divergence (MACD) line remains below its signal line with an expanding histogram, supporting the view of increasing bearish momentum.
