The price of SUI token at $2.8 shows signs of forming a reversal pattern amid a broader market decline. Data suggests that support at current levels may lead to renewed bullish momentum.
Testing Key Support Zone for SUI
The current price structure of SUI is pulling back toward a critical Fibonacci support zone. Analyst Man of Bitcoin has identified a 1-2 setup, indicating that the asset is at a corrective stage before a possible impulsive leg up.
The price is scaling into an area of $2.62 and $1.87, with the end of invalidation at $1.718. This pattern is supported by several Fibonacci retracement levels, particularly the 0.618 to 0.786 bands, often seen as high-probability bounce zones.
Breaker Block Validation for SUI Zone
Additionally, analyst Waleed Ahmed pointed to a long-term breaker block of $2.30 to $2.80. The SUI price is currently resting at the top of that block, which served as resistance in March 2025 and is now being retested as support.
The daily RSI has dipped below 40, historically marking reversal points in prior SUI price cycles. As long as the price stays within this breaker block and RSI recovers above the 50 line, it may cause the next impulsive movement.
Increase in SUI Stablecoin Transfer Volume
According to Artemis data, SUI processed $40.07 billion in stablecoin transfers from June 9–15, surpassing Solana's $35.53 billion for the same period. This marks the first time SUI has led in this category, indicating growing interest in its DeFi uses and high-speed Layer 1 network.
Despite a 16% decrease over the last 7 days, SUI maintains its market stability and shows signs of re-accumulation. The mentioned support may serve as a springboard for movement towards the $3.40 level if current levels hold.
