SUI is currently in a corrective phase, with its price dipping 5,27% in the past 24 hours to $2,08. Despite the pullback, analysts remain cautiously optimistic. Weekly momentum is still positive, and the broader crypto market–buoyed by Bitcoin’s strength around $85,000–may offer enough support to keep the bullish outlook intact.

Short-Term Correction, Long-Term Structure Intact

Though SUI recently broke below its 4-hour 200-day moving average, the longer-term trend remains constructive. Weekly gains of nearly 5% indicate that bullish sentiment hasn’t fully faded. With a trading volume exceeding $7 billion and market cap near $938 million, SUI remains one of the more active altcoins in the current cycle.

The current focus is on whether the token can hold the $1,80 support level. If this zone is defended, SUI could reestablish its uptrend and aim toward the next resistance at $2,34. A decisive break above that line, especially with volume confirmation, could trigger a new leg upward.

Bearish Breakdown Risks Remain

If SUI fails to defend the $1,80 level, the next potential support lies around $1,64–a region that traders will watch closely for buy-in signals. A close below this zone on 8-hour or daily candles would invalidate the current bullish setup and likely open the door to deeper downside pressure.

Meanwhile, the $2,34 resistance remains a key breakout target. Analysts warn that without rising volume, any attempt to reclaim higher ground may prove unsustainable in the short term.

Bitcoin’s Stability Could Lift SUI

SUI’s movements come at a time when the overall market tone is still favorable. Bitcoin’s continued strength at elevated levels often acts as a stabilizing force for altcoins. As long as BTC remains above support and avoids major corrections, altcoins like SUI could benefit from residual bullish sentiment.

In the near term, SUI’s trajectory will depend on its ability to hold critical support and reclaim lost ground. If those conditions are met, the altcoin may be well positioned for a renewed surge.

In the meantime, Bitcoin eyes $90K amid tariff exemptions.