SUI token faces potential downside risk as it consolidates within a triangle pattern, with technical indicators showing weak momentum. Analysts warn that a breakdown below key support could lead to further price declines before a significant market move occurs.
SUI remained under pressure as analysts pointed out that a potential downside risk could occur if supports are broken. The token is trading in a narrow range as crypto market conditions remained uncertain.
At the time of writing, SUI is trading at $0.9163, down 2.76% over the last 24 hours. Daily trading volume is at $843.28 million, while market capitalization is approximately $3.52 billion, according to data from CoinMarketCap. On February 27, 2026, crypto analyst More Crypto Online pointed out that SUI was trading inside a triangle, a technical formation that often indicates a breakout is about to happen.
However, if a breakout happens below the range support, SUI could fall further before stabilizing. SUI is trading within the middle of its trading range, and a test of the lower trading range is possible. The absence of a confirmed five-wave impulsive structure from the low does not support a bullish reversal.
From a technical perspective, momentum indicators are bearish. The RSI is at 39.66, which is below the 50-level, and the MACD remains negative. SUI is trading below all of the major moving averages, including the 20-Day Simple Moving Average at $0.94244 and the 200-Day Simple Moving Average at $2.20217.
Overall, SUI is still consolidating within a certain range; downside risks are still present unless a strong breakout above resistance is experienced. Investors are looking for confirmation of a strong impulsive move either higher or a breakdown below support.
