SUI trades near $0.82 after bouncing off the lower boundary of a year-long descending structure. A weekly close above the $1.10 resistance zone would confirm the breakout bulls need, opening the path toward $1.50 and beyond.
SUI has climbed back above the $0.8 range, rebounding from the lower edge of a broad descending structure it has traded inside for much of 2026. The token is now trying to reclaim $1.10, a resistance level that overlaps with the top of the broader pattern.
The weekly chart shows a narrowing downtrend, with SUI repeatedly making lower highs while holding support near the lower trendline. But the setup still needs a decisive weekly close above resistance before it counts as a confirmed reversal — SUI briefly poked above the $1.10 area earlier this year before losing momentum.
Momentum is turning too. The weekly RSI has recovered toward the mid-range after an extended stretch below the neutral mark, suggesting selling pressure has eased. The indicator has not yet signaled a clear shift to bullish momentum, however, so the recent rebound still needs confirmation.
A decisive weekly close above $1.10 would strengthen the bullish case for a move into the $1.50 to $1.80 range, with $1.86 as a secondary target if $1.50 clears. The chart's broader pattern projection points to $2.47 as a long-term target, roughly 200% above current levels — though that scenario depends on confirmation that has yet to arrive.
On the downside, $0.74 to $0.75 marks key support for the recovery structure. A break below that zone could expose SUI to $0.56, a major downside support level. For now, the $1.10 resistance remains the level that decides which way the token's year-long trend breaks next.
Source: Coinpedia Fintech News
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