$SUI has returned to around $0.72, a price area that is believed could attract buyers following the recent price fall of the token.
But the latest chart does not show much evidence that a lasting recovery has begun, and $SUI has already lost much of its August gains and remains vulnerable if support around $0.70 fails.
$SUI crypto revisits an earlier rally zone
$SUI was trading at $0.7224 after losing 0.62% during the latest daily session. It traded as high as $0.7377 before falling back.
The decline followed a brief rally it saw in August that carried $SUI above $0.85. But buyers could not sustain that move, and it has since returned to levels seen before the rally began.
The current chart shows that $SUI has spent much of the past three months moving between around $0.65 and $0.80, despite several attempts to break higher.
Has $SUI found its bottom?
The area around $0.70 is now the closest price to watch and more buying activities have happened near that level since June, making it an important test for the latest pullback.
If $0.70 continues to hold, it could make another attempt at $0.75, but a stronger recovery would require $SUI to move back above the $0.80–$0.85 region, where its August rally stalled.
A fall below $0.70 would weaken the recovery case and could bring $SUI back towards $0.65.
Market momentum is also broadly balanced. $SUI’s Relative Strength Index stood at 47.93, suggesting neither buyers nor sellers currently have a decisive advantage.
This leaves $SUI in a familiar price area, but not necessarily at the beginning of another major rally. Holding $0.70 and recovering the ground lost since August would provide a clearer evidence that buyers are returning.
Final Summary
- $SUI has fallen back to around $0.72 after its August recovery stalled above $0.85.
- The $0.70 level could determine whether another rebound begins or the decline extends towards $0.65.
ambcrypto.com