TL;DR
- SUI has lost 70% of its value since its ATH and is trading at $1.57, triggering a debate on whether the market is entering a final capitulation or the beginning of a new accumulation phase.
- The price broke a key support at $1.65 and is now targeting areas between $1 and $0.9, which in the past have acted as accumulation bases.
- The ecosystem remains active. The Bluefin exchange reached record trading volumes in October, and the network signed a partnership with Figure Technology to launch YLDS.
SUI is going through a critical phase after a 70% drop from its all-time high of $5.35, which brought the price down to the current $1.57 and sparked fierce discussions among analysts on whether the market is facing a final capitulation or the beginning of an accumulation cycle. Its decline coincides with a sequence of forced sell-offs that pushed out a significant portion of short-term investors and reshaped positioning in the market.
Analysts described the current scenario as a full purge of weak positions. The range between $1.70 and $1 could operate as an institutional accumulation zone, provided liquidity improves and buyers step in once the market becomes clearer. Liquidations have already taken place, and the market could be ready to stabilize if the token holds key price levels.
SUI had been testing a decisive support near $1.65. However, it broke below that level in recent hours after falling 7% to $1.57. The next supports sit between $1 and $0.9, areas that have served as bases in previous corrections. Traders are watching these price zones closely because losing them could open the door to a deeper deterioration. Over the past year, the token has lost 57% of its value.
SUI Needs to Reclaim $1.71
The technical structure remains under heavy pressure. SUI continues to form lower highs since early 2025 and needs to recover the $1.71 area to trigger a clear rebound signal. The price is again testing the lower boundary of a long-term trend channel that previously marked the start of an advance of more than 1,000%. A rebound at that level would preserve the broader structure, while a sustained breakdown would signal a material deterioration in the outlook.
The weekly RSI is at 35, still above oversold territory but approaching zones that have historically triggered reversals. The MACD remains negative and the histogram is expanding, showing that selling pressure has not yet eased and continues to weigh on SUI.
Its Ecosystem Remains Active
Despite the market environment, the Sui ecosystem continues to show strong activity. Bluefin, a decentralized exchange built on the network, reached record trading volumes in October. Grayscale launched new products tied to ecosystem projects, and Sui sealed a partnership with Figure Technology to launch YLDS, a token backed by short-term Treasuries and repurchase agreements.
