SUI is consolidating after a drop, awaiting a potential turnaround. Analysts believe that SUI is targeting a higher low, which might result in a turnaround if it clears resistance. Momentum is low, but breaking through critical resistance might mark the beginning of an uptrend.
At the time of writing, the token is trading at $0.8895, reflecting a 0.25% gain over the last 24 hours. With a daily trading volume of $1.19 billion and a market capitalization of $3.52 billion, according to CoinMarketCap, the token continues to attract steady market activity despite its broader downward trend.
Source: CoinMarketCap
SUI Tests $0.87–$0.90 Support
Market analysts are closely observing the $0.87-$0.90 support zone, as this level has become a critical level for the short-term direction of the price. On March 3, 2026, crypto analyst BitGuru pointed out that SUI has been trading sideways after the decline and is now trying to create a higher low.
Source: X
Based on the analysis, the possibility of the price rising if the price holds above the support level exists. This means that the price has the possibility of rising to the resistance level of $1.00 to $1.02. A strong breakout above this level can change the short-term momentum and mark the beginning of a stronger rising phase.
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SUI Struggles Below Key Averages
From a technical perspective, SUI has challenges. RSI stands at 40.14, which is lower than the neutral point of 50, indicating a slight buying pressure but no clear change of trend. The signal line of the RSI, which stands at 37.47, also shows a slight positive move as the buying pressure increases to gain control.
Source: TradingView
SUI continues to trade below the key moving averages, hence the bearish outlook. SUI’s 20-day SMA is at $0.93454, the 50-day SMA at $1.18017, the 100-day SMA at $1.37349, and the 200-day SMA at $2.14338.
The MACD indicator continues to remain in the negative region, with the MACD line at -0.06612 and the signal line at -0.08202. However, the histogram has moved slightly to the positive side, suggesting that the selling pressure might be easing.
Overall, SUI is looking to build on its current position after its decline. The upcoming days are crucial in this regard, as holding above the key supports and breaking through the resistance level of $1.00 could be instrumental in determining if the token is entering a recovery phase or not.
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