SUI Targets Rebound as $1.80 Weekly Resistance Looms

SUI's price action hints at a potential comeback—but a stubborn ceiling stands in the way.

The Weekly Wall

Every recovery attempt gets slapped down near the $1.80 mark. It's the line in the sand that bulls can't seem to cross, turning what could be a straightforward climb into a frustrating tug-of-war.

Momentum vs. Mathematics

Buyers are mustering strength, pushing the asset off recent lows. The sentiment is shifting, yet the charts don't lie. That resistance zone isn't just a number; it's a concentration of sell orders and bearish conviction waiting to spoil the party.

The Path Forward

Breaking through requires more than hope—it needs a surge in volume and a fundamental catalyst. Until then, traders are stuck watching the paint dry between support and resistance, a classic crypto pastime that's about as exciting as watching traditional finance invent a new fee.

SUI's next move hinges on conquering $1.80. Fail, and the recovery narrative stalls. Succeed, and a new chapter begins. The market's waiting to see which side blinks first.

SUI Weekly Chart Shows Broader Corrective Bias

On the weekly chart, the SUI/USD pair is well below the mid-2025 trend and is currently priced at $1.43. The critical moving averages are above the stock price: 20-week EMA around $2.27, 50-week EMA around $2.61, and 100-week EMA around $2.21.

The close proximity of the EMA indicates that sellers remain in control, and hence progress in the stock price will stop until the stock price closes above the 20-week EMA on the weekly chart.

The price pulled back into the support range of $1.20 to $1.30, where the buying interest prevented further decline. However, the relief rally has been weak and corrective rather than a strong move upwards, which would have indicated Optimism on the part of the buyers.

Source: Tradingview

In this case, the RSI is about 34, meaning that the declining momentum is slowing down, although there is no indication of increasing momentum yet.

The MACD is still negative, and there is no confirmed crossover at this stage. As a result, a new phase of growth has not been initiated yet. The traders should be cautious and keep a keen eye on the resistance at $1.60-$1.80 and supports at $1.20-$1.30.

The price formation in SUI indicates the market is under constant selling pressures, while there seems to be some defensive buying in the market. It is quite possible that short-term buying could take place, but there is no end to bearish tendencies yet.