Core

Momentum

<p>After a significant correction, <a href="https://en.coin-turk.com/sui-drops-3-8-to-0-90-as-extreme-fear-grips-market-price-could-fall-23-in-5-days/" rel="noopener noreferrer nofollow">SUI</a>’s price has stabilized close to $1, drawing the attention of market participants. Recently, both short-term support levels and zones that could spark a new rally for SUI have become crucial points of focus.</p>
<h2 id="critical-1-test-for-sui-price">Critical $1 test for SUI price</h2>
<p>Over the past 24 hours, SUI lost 5.7%, sliding down to $1.0099. This renewed test of the psychologically key $1 support also triggered a spike in trading volumes, as seen on the charts.</p>
<p>The latest dip followed SUI’s failure to hold above $1.41. This $1.41 level acts as a critical threshold in Fibonacci retracement terms and represents the first target for any recovery attempts.</p>
<p>SUI previously surged as high as $4.14 before entering a steady downtrend. Along the way, significant support levels at $3.50, $3.10, $2.78, $2.45, and $2.00 were successively breached, underscoring an ongoing dominance of selling pressure.</p>
<p>If the price slides below $1, market observers flag $0.85 and $0.75 as the next potential support zones. Some experts warn that intensified selling could even push SUI back toward $0.60.</p>
<table>
 <thead>
  <tr>
   <th>Price Level</th>
   <th>Significance</th>
  </tr>
 </thead>
 <tbody>
  <tr>
   <td>$1.41</td>
   <td>Key resistance, first recovery target</td>
  </tr>
  <tr>
   <td>$2.01</td>
   <td>Main resistance previously broken</td>
  </tr>
  <tr>
   <td>$1.00</td>
   <td>Core psychological support</td>
  </tr>
  <tr>
   <td>$0.85–$0.75</td>
   <td>Possible upcoming support zones</td>
  </tr>
 </tbody>
</table>
<h2 id="investors-monitor-key-levels-for-a-potential-rebound">Investors monitor key levels for a potential rebound</h2>
<p>Whether a new buying wave will emerge in SUI is a hot topic among investors, with overall market sentiment shifting rapidly. According to analysts, as SUI approaches $1, investor interest has significantly waned. In contrast, reclaiming the $1.41 and $2.01 zones in the short term could signal the start of a healthier upward move.</p>
<p>Several market experts suggest that breaking through these levels could first propel SUI to $1.70, and later possibly toward $2.01—a zone where SUI previously faced steep declines.</p>
<blockquote>
 <p>One market analyst notes that while optimism was high when SUI was above $5, sentiment has turned quiet as the price nears $1, prompting many investors to reassess their positions. The analyst cautions, “Now might be the right time to evaluate structural changes.”</p>
</blockquote>
<h2 id="momentum-indicators-show-continued-weakness">Momentum indicators show continued weakness</h2>
<p>On daily charts, technical indicators continue to reflect SUI’s fragile state. The MACD indicator has turned slightly negative and is yet to send a clear recovery signal.</p>
<p>Meanwhile, the Relative Strength Index (RSI) has dropped to 42, remaining below the neutral 50 level. This suggests that buyers have yet to regain control. If RSI rises above 50, short-term prospects could look positive, but a dip below 40 risks triggering a new downtrend.</p>
<p>Overall chart patterns show SUI still clinging to $1 support, though pressure remains heavy at resistance zones. Observers emphasize that a fresh upward move is only likely if strong trading volumes accompany a breakout above $1.41 and $2.01.</p>
<p>Mini glossary: The MACD is a technical analysis tool that analyzes the relationship between short- and long-term moving averages to spot possible trend reversals and gauge momentum in financial assets.</p>
<p>The post <a href="https://en.coin-turk.com/sui-falls-5-7-percent-and-tests-1-support/" rel="noopener noreferrer nofollow">SUI falls 5.7 percent and tests $1 support</a> appeared first on <a href="https://en.coin-turk.com" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

SUI falls 5.7 percent and tests $1 support

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