Sui (SUI) has declined sharply over the past week, trading near $0.71 and down approximately 80% on a yearly basis. Despite the weakness, technical analysis suggests the asset may be poised for a recovery.
Analyst Ali Martinez highlighted that the TD Sequential indicator has flashed a buy signal on SUI's 12-hour chart. Martinez noted that the indicator has been "remarkably accurate at identifying major trend shifts," with its previous signal accurately predicting momentum shifts following a 17% rally.
Martinez previously identified a trading channel with a lower boundary at $0.71. He indicated that if this support level holds, a move toward the top of the structure around $0.84 could materialize. A similar buy signal appeared on the daily chart in early September, suggesting the correction phase may be concluding.
Supporting Metrics
Exchange netflow data provides additional context. Recent outflows have exceeded inflows, indicating that some investors have moved holdings away from centralized exchanges to self-custody solutions. This shift typically reduces immediate selling pressure on the asset.
Analyst Forecasts
Multiple market observers have shared bullish outlooks for SUI. Michael van de Poppe suggested that a move to $0.85 could trigger further momentum beyond $1. Another analyst noted that buyers have defended the $0.72–$0.73 zone twice, demonstrating support, and argued that a reclaim of the $0.84–$0.85 resistance level could open a path toward $1.00.
