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Sui Trades At $1.34 As Price Holds $1.32 Support Following a 23.6% Weekly Decline

Sui trades at $1.34, holding just above support at $1.32 after a 23.6% weekly decline.

The market watches whether SUI can reclaim $1.45 and then $1.60, which marks lost higher-timeframe regions.

The 24-hour range remains tight between $1.32 and $1.41, highlighting reduced short-term movement.

Sui entered the week under pressure after a notable decline pushed the asset toward a critical price region on the chart. The market continues to monitor whether large altcoins can stabilize after losing several important higher-timeframe areas. Sui now trades near a zone watched closely on the three-day and weekly chart, where traders assess whether the price can reclaim short-term levels that recently broke

The asset was trading at a current value of $1.34 having declined 23.6 percent during the last seven days, which means that it is near its support level, which is $1.32. This trend gives direction to the larger concern of whether Sui can revert back above $1.45 and then above $1.60, which were significant levels that were indicated by market participants.This context leads into how the chart structures the next stages.

Sui Trades Near a Defined Support Zone

Sui is marginally above the mark of support at $1.32, which is the bottom of its present range. This drop of 23.6 percent every week pushed the price into this zone and the traders are looking at whether or not the recent selling pressure is relieved. The intraday movement is very compressed with a 24-hour range of between $1.32-1.41 of support and resistance because the market is seeking stability

This small range depicts the indecision that followed this steep drop. Moreover, the chart shows that the region has influenced multiple reactions throughout the recent market cycle, which explains the focus on its retest.

SUI Tracks Early Recovery Levels as Market Watches Attempts to Regain Lost Range

The next area of interest sits above the current market price. Analysts note that a move above $1.45 would mark the beginning of a deviation recovery. The level serves as the first barrier that Sui must reclaim before testing $1.60, which also previously acted as a significant price zone. However, the chart shows that Sui has not revisited those levels since the recent breakdown

The price continues to trade below the short-term range high, which reinforces the importance of any attempt to regain those levels. This structure connects directly to the market’s view of broader altcoin performance.

Larger Altcoins Introduce Further Context

The broader environment includes other major altcoins that also lost high-timeframe regions. This context matters because traders watch several large capped assets to understand whether the market forms a local bottom

Sui currently trades at 0.00001592 BTC, which reflects a 4.2 percent move during the period. The ETH pair shows similar conditions. These metrics help define positioning as participants wait for clarity on higher-timeframe candles. The three-day and weekly chart therefore remain central as the market continues to assess when conditions stabilize across major altcoins.

SUI2.69%
BTC2.9%
ETH3.13%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
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