The SUI cryptocurrency has reached a major historical support zone after an extended price decline. Analysts note the coin is testing the $0.71 area, where buyers have previously shown interest. Technical charts suggest this may signal a potential inflection point, with long-term market structure pointing to recovery scenarios.
The **SUI** price is attracting fresh attention after falling into a major support zone that previously acted as a strong demand area. According to market watcher BitGuru, the SUI price has reached a key level after a long bearish trend.
Analysts state this is significant as the market watches for possible signs of a reversal. The coin is currently testing a price region that has seen previous buying activity.
Through chart analysis, the market is said to be undergoing a complete cycle that began with consolidation and a bullish breakout. This was followed by a decline characterized by lower lows and lower highs within a downtrending channel.
The SUI price currently finds support at $0.71, where buyers need to see specific technical confirmations. A breakout of the upper channel boundary is one potential signal.
Analyst Vuori Trading’s analysis highlights a bigger picture for Sui beyond short-term charts. The analysis points to a critical support area around a $2.17 billion market capitalization.
The prediction indicates this market cap level may be revisited before a potential bounce occurs. If defended, subsequent resistance levels could be near $7.85 billion, $11.3 billion, and $17 billion.
In terms of the long-term outlook, Fibonacci extension levels provide market cap targets at $26.16 billion and $40.97 billion. Under a prolonged bullish rally, the Sui price might theoretically climb toward a $71 billion market cap.
On the other hand, momentum oscillators remain near low levels due to the recent pullback. The market’s direction from this key support zone is now closely watched by investors.
