SUI Lost Key Support and Is Down 18%: What Can Come Next

Key Takeaways:

• SUI down 18% weekly, broke 0.786 Fib at $0.927 and ascending trendline together.
• Price below all three SMAs: SMA50 at $1.005, SMA100 at $0.967, SMA200 at $1.218.
• Next support at $0.80-$0.82, the zone that launched the March-April rally to $1.40.
• 0.618 Fib at $1.030 is heavy resistance with liquidity stacked on both sides.
• Van de Poppe: free transactions, Hashi BTC yield, DeepBook, and USDSui are underpriced.

SUI is trading at $0.905 today, down 2% on the day and approximately 18% on the week. The move lower hasn’t been a single sharp selloff. It’s been a steady erosion that has now broken two things at the same time that were previously holding price up.

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