- SUI defended long-term weekly support near the $0.90 region
- Rising open interest suggests stronger trader participation
- $1.50 remains the next key level before $2.30 resistance
SUI is showing fresh signs of stabilization after defending a major long-term support area. The asset traded at $1.04, down 4.69% in the last 24 hours, but recent price action suggests sellers may be losing control. Market participants are now watching whether SUI can maintain support and build enough strength for a broader recovery move.
After months of downside pressure, SUI has remained above the critical $1 level, an area traders have closely monitored. The token is also reacting from a rising weekly trendline that has delivered multiple rebounds in previous cycles. That support level has become the center of attention again.
SUI Builds Momentum After Defending Long-Term Support
The latest market structure shows SUI attempting to create a stronger foundation near the long-term ascending trendline around $0.90. Analysts noted that price behavior around this region reflects improving sentiment after prolonged weakness.
The asset has also moved above the mid-range Bollinger Band resistance. Historically, similar moves have often signaled shifts in market momentum. At the same time, a rounded recovery structure is beginning to appear on the chart.
Open interest data adds another layer to the picture. Trading activity has started increasing again, indicating renewed participation from traders. Rising open interest alongside improving structure often suggests stronger conviction in the market.
SUI Faces Major Resistance Before Confirming Reversal
While short-term conditions are improving, SUI still faces an important challenge. The strongest resistance area remains near $2.30, which previously acted as major support before the earlier breakdown.
Analysts consider this zone significant because it contains heavy overhead supply. Any recovery attempt will likely need stronger volume and sustained buying pressure to overcome it.
Before that level comes into focus, traders are watching a possible move toward $1.50. A successful push higher would strengthen the developing V-shaped recovery thesis and confirm that the recent support defense has shifted market structure.
The recent breakout from a short consolidation range also points toward fading selling pressure. Combined with increasing participation and a stronger technical setup, market attention remains fixed on whether SUI can sustain the rebound.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.