SUI rebounds from $0.65 as bulls target a breakout above the $0.72 to $0.75 resistance zone.
A decisive move above $0.75 could open the path toward the $0.83 target.
RSI and CMF remain weak, leaving SUI’s broader trend reversal unconfirmed.
Sui Network — SUI, is showing early signs of recovery after weeks of sustained selling pressure. The token currently trades near $0.69, giving buyers an opportunity to rebuild momentum. Recent price action has pushed several important resistance levels back into focus. Bulls now face a major test between $0.72 and $0.75. A decisive move above this zone could change the short-term market structure. Such a breakout could also place the $0.83 target within reach.
https://twitter.com/i/status/2086350516221591884 SUI Faces a Crucial Resistance Test
SUI remains trapped inside a broader descending trend that started after the May high near $1.41. Sellers maintained control during the decline and pushed the token toward lower support levels. However, buyers recently stepped in around the $0.65 region and stopped the latest wave of selling. SUI has since attempted to recover toward the $0.70 area. The token now trades near $0.69 as bulls work to extend the rebound.
The next major challenge sits between $0.72 and $0.75, where the descending trendline could create additional selling pressure. The $0.72 to $0.75 region carries significant technical importance for the recovery. The descending trendline currently adds resistance around the same area. Bulls therefore need a strong move above $0.75 to gain greater control. A clean breakout could show that sellers have started losing their grip.
Strong trading volume would make such a move more convincing. Without increased buying activity, SUI could face another rejection near the resistance zone. Momentum indicators also show why traders remain cautious. The Relative Strength Index currently sits around 44. That reading remains below the important 50 level. A move above 50 would suggest stronger bullish momentum.
$0.83 Becomes the Next Major Target
A successful breakout above $0.75 could significantly improve SUI's short-term outlook. The next major resistance level would then emerge around $0.83. This target represents roughly 20% upside from the current price near $0.69. Buyers could also attempt to extend the rally toward $0.85. Such a move would represent approximately 23% upside from current levels.
The $0.83 area therefore provides bulls with an attractive near-term target.However, traders should watch trading volume alongside the price breakout. Strong volume could confirm genuine buying interest behind the move. Weak volume could raise the risk of another failed breakout. Bulls also need to maintain price above the former resistance after a breakout.
Holding that region would help establish stronger support for another upward move. A quick reversal below $0.75 could instead signal that sellers remain active. The current setup gives SUI a clear technical decision point. Bulls need to reclaim the $0.72 to $0.75 region and establish support above the zone. Doing so could open the path toward $0.83 and potentially $0.85.