Jakarta, Pintu News – Sui (SUI) is showing positive momentum with a current trading price of $1.57. This is supported by a 24-hour trading volume of $1.20 billion, a market capitalization of $5.78 billion and a market dominance of 0.19%.
In the past 24 hours, the token has risen by 1.44%, indicating early signs of renewed interest after the previous price drop.
TXG Crypto Analysts highlighted that SUI is experiencing its first significant bounce after falling to strong support levels around $1.35.
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In his post, he stated that stronger support is needed in this area for the price to move up towards the $1.73-$1.815 level, which could change the structure of the SUI movement to a more positive one.
Otherwise, the price risks retreating back to around $1.50.
Market data suggests that Sui has just completed a rather remarkable pattern of a sharp decline, liquidity sweep, and an immediate retest of the demand area that sits in the $0.75-$0.60 price range.
This area was the starting point of the huge rally that took place in 2024, making it one of the most important zones in the history of SUI price movements.
This $0.75-$0.60 support range is much more significant than other support levels. This level marks the end of one of SUI’s biggest selling phases, where large buyers entered the market with high intensity. High trading activity occurred here, providing a major influence on SUI’s macro price movements throughout 2024.
In recent weeks, the price briefly touched the area with a strong weekly candle but bounced back with a long wick, indicating a stop-loss sweep and strong liquidity withdrawal.

A solid trend reversal is highly likely if the weekly candle can close firmly within the $0.75-$0.60 demand area, accompanied by a strong breakout above $1.55 and increased trading volume.
However, the continued strength of this trend could be seen in a reversal to $1.20-$1.30, then an intermediate rise to $2.20-$2.50, and potentially even $3.50 or higher.
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If the momentum remains strong, SUI might even retest the significant highs around $5.36.
The downside risk will increase sharply if the weekly candle closes below $0.60. If this happens, the historical demand zone will be considered no longer valid and instead turn into a supply area.
Failure to hold above this level could form a macro bearish pattern, signaling a possible long-term downward market trend for the SUI token.
In this scenario, the next downside target is expected to be around $0.40, then $0.28, and under extreme capitulation conditions, the price could fall to as low as $0.20.
A close below $0.60 would be a strong signal of a new “lower-low” level forming on SUI, confirming a bearish period for the asset.
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