The price of SUI has been testing its ascending trendline at $0.90, which is considered a key support level. This trendline has served as dynamic support since mid-2023 and multiple higher lows confirm long-term accumulation.
Horizontally, key resistance levels sit at $1.39, $2.00, and $4.18. However, the current price action shows consolidation with reduced volatility, signaling potential exhaustion in selling pressure and an early-stage base forming.
If the trendline holds, a relief bounce toward $1.30-$1.40 looks likely, as indicated by the projected arrow. A breakout above this level could trigger continuation toward $2.00, according to crypto analyst Bitcoin Meraklsi.