After a steep 43% drop in the previous quarter, Sui has rebounded sharply, gaining nearly 37% in the past week and around 17% in the last 24 hours. The price now hovers near $1.97, recovering a portion of earlier losses but still more than 60% below its all-time high.
Momentum indicators reflect the speed of this move. The RSI(14) currently reads 75, with the RSI(7) reaching 90 – both signaling overbought conditions. The price is also testing the upper Bollinger Band around $1.85, a level where past rallies have often paused or reversed.
The next technical resistance sits at the 50% Fibonacci retracement level near $2.13. A failure to break this zone could send the price back toward $1.76, which aligns with the 61.8% retracement and now acts as short-term support.
Read also: Can Sui Outpace Solana? A Realistic Look at the “Solana Killer”
New Developments
Sui’s recent price activity may be partially linked to Bitwise’s inclusion of the token in a new set of crypto ETFs. While some of the ETFs are still pending approval, the listing drew attention from traders looking at longer-term exposure.
Separately, Sui developers confirmed plans to introduce private transactions in 2026. Unlike optional privacy tools, these would be built into the protocol layer. The feature is aimed at enabling confidential on-chain payments while remaining compatible with regulatory requirements. Focus on privacy was one of the major themes in 2025, pushing up tokens like Zcash, Dash and Decred.
Read also: EU’s New AML Regulations: The End of Privacy Coins by 2027?
Outlook Depends on Key Levels
Technical indicators currently reflect strong upward momentum but also suggest limited room for immediate continuation without a short-term pullback. If Sui clears $2.13 with strong volume, it could confirm trend continuation, with the next stop around $2.51. If not, momentum may fade toward support around $1.76.
As always, remember technical setups do not account for broader market shifts (such as the recent improvement on crypto sentiment) or project-specific developments. While indicators help frame potential scenarios, they remain one part of a larger picture.
