SUI is showing signs of a potential price reversal after a sharp downturn, as highlighted by crypto analyst @mominsaqib.
The token has experienced a notable decline, but market sentiment is shifting following Sui Network’s stablecoin market cap surpassing $500 million. This milestone signals increasing adoption, with some traders anticipating a rebound once broader market conditions stabilize.
Key SUI Technical Levels and Market Structure
According to an analysis of the chart by @mominsaqib, SUI remains in a corrective phase while maintaining a bullish macro trend. Current price action suggests a higher low formation, potentially setting up for a recovery.
The price is hovering near an immediate support zone of $3.27-$3.29, where buying interest is evident. Should this level fail, a deeper pullback could target $2.41, a historical accumulation zone.
Expecting $SUI to reverse hard once markets gain clarity!@SuiNetwork just hit $500M in stablecoin market cap—a new high for the chain.
This is the next big chain for real consumers & retail.
HIGHER SOON! pic.twitter.com/fvKdeEmrPj
— Momin (@mominsaqib) February 12, 2025
On the upside, the immediate resistance range sits between $3.40 and $3.50, where price consolidation is likely before any breakout attempt. A more key barrier at $4.09 marks a crucial supply zone, which previously triggered rejections. A confirmed breach above this level could pave the way for an extended rally towards $4.40 and beyond.
Momentum indicators are aligning with the potential reversal scenario. The RSI is showing bullish divergence, suggesting a recovery in momentum while the price remains low. Historically, a similar RSI setup coincided with downtrend exhaustion, reinforcing expectations of a rebound.
Additionally, volume analysis indicates accumulation, with increased buying activity at lower price levels. A spike in trading volume within the $3.40-$3.50 resistance range would further validate an upside continuation.
Read also: Avalanche (AVAX) Price Breaks Trendline – How High Can It Go?
Community Sentiment and SUI’s Comparisons to Solana
Crypto investor @SaroshQ2022 weighed in on Sui’s growing ecosystem, arguing that its scalability, security, and Move programming language innovations position it as a stronger return-on-investment multiplier than Solana.
While acknowledging Solana’s dominance, he emphasized that SUI’s advancements make it a viable competitor for institutional and retail adoption. He also SUI is at a crucial inflection point, attempting to recover from recent losses.
$SUI stablecoin market cap reaches $500 million, an ATH! I still think it’s a far better ROI multiplier than SOL due it’s tech/advancements in scalability, security, and the introduction of the Move programming language and more. I wrote a comparison piece a while ago if you’re… pic.twitter.com/FAD0hYpDtW
— Sarosh (@SaroshQ2022) February 12, 2025
The network’s growing stablecoin adoption may catalyze further bullish momentum. For confirmation of an extended uptrend, the price must reclaim the $3.50 resistance level and sustain a breakout above $4.09. With institutional and retail interest mounting, traders are closely monitoring whether SUI can stage a strong reversal in the coming sessions.
Follow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates.
Get all our future calls by joining our FREE Telegram group.
We recommend eToro
Active user community and social features like news feeds, chats for specific coins available for trading.
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
