SUI’s latest failure at resistance has handed the short side the initiative, keeping the token locked in a persistent downtrend as sellers retain control. With downside momentum still dominant, market attention is now fixed on a critical support band that could either mark a capitulation low or foreshadow deeper losses.
What analysts are seeing
- More Crypto Online interprets SUI’s price action as still unfolding a fifth wave to the downside, a structure that keeps the dominant bias firmly bearish even if higher-timeframe counts can be read multiple ways.
- The leading bullish-alternative hinges on a support zone between $0.65 and $0.49. That range is viewed as the likely area where a corrective wave B could finish and a meaningful low could form — but SUI must first stabilize there for that bullish scenario to remain viable.
- A more pessimistic “white count” risk would take hold if SUI breaks below $0.49; such a breakdown would suggest the correction is set to extend lower.
Micro resistance rejection and what comes next
Crypto analyst MCO Global notes a recent rejection at a micro resistance zone between $0.747 and $0.855. That failure increases the odds of at least one — and possibly two — additional lows before any sustainable recovery. The analyst also cautions that the October flash crash has distorted the structure, complicating precise wave counts, but not obscuring the prevailing downward direction.
Key levels to watch
- Primary support zone: $0.65–$0.49 — the main area to monitor for stabilization or a potential bottom.
- Micro resistance: $0.747–$0.855 — containment below this band keeps the downtrend intact.
- Bullish breakout trigger: a clear move above $0.855 would be the first technical sign that selling pressure is easing and the narrative could shift.
Bottom line
SUI is approaching a make-or-break support cluster that will likely determine whether the current correction finishes or extends. Until price can hold the $0.65–$0.49 area and ideally generate a convincing 5-wave advance from there — or break above $0.855 to signal relief — the path of least resistance remains downward.
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