SUI is trading at $0.730, with analysts focusing on key support at $0.71 and a target price of $0.85

SUI fell by 1.40% in 24 hours, falling below key support levels triggered market attention.

In the past 24 hours, SUI prices fell by 1.40% to US$0.730, lagging behind the overall basically flat cryptocurrency market. The decline highlighted the withdrawal of funds from lagging Layer 1 tokens, while Ethereum and Solana both achieved gains, compared with SUI's weak performance, exposing differences between major blockchain networks.

Technical Analysis: Key Support and Resistance Areas

Technical analysts pointed out that the US$0.71 to 0.73 range is a key support area for SUI. Currently, this level has become the main battlefield for buyers trying to contain the current pullback. If it can hold above this region, SUI is expected to rebound to US$0.84 or US$0.85; conversely, if it falls, it may further drop to the bottom of multi-year support of US$0.62 to US$0.63.

Analyst Bitguru marked US$0.70 as immediate support in his latest SUI outlook and set preliminary rebound targets at US$0.85 and US$0.92. He emphasized that maintaining sustained defenses at lower borders is crucial for any bullish scenario. Traders are watching whether SUI buyers can hold on to the $0.70 support and push a rebound to the target areas of $0.85 and $0.92, or whether they will test a multi-year bottom of $0.62 to $0.63 if selling pressure continues.

Ali Martinez also pointed out the same area, saying he would only consider re-entering a SUI position if the token remained above the floor of the $0.71 aisle. He mapped the ceiling of the uplink channel to $0.84, which is closely aligned with Bitguru's forecast.

A successful rebound requires SUI to recover US$0.73 and stand firm above the recent supply area before testing its 200-day moving average at around US$0.85. A firm rejection at this level could lead to a deadlock between support and resistance, while a close below $0.71 would weaken Martinez's bullish setting and target a multi-year bottom.

Michaël van de Poppe pointed out that in the trading pairs of SUI against the US dollar and Bitcoin, the RSI and MACD indicators showed bullish deviations on both weekly and three-day charts. Although prices continue to weaken, these signals suggest that momentum is improving. However, analysts said further confirmation of price behavior was still needed to verify a continued reversal of the trend.

Van de Poppe also noted that SUI prices are still about 85% below previous highs, highlighting the overall size of the correction and explaining why the market is cautious about any potential recovery.

On-chain data: stablecoin expansion and token unlocking

On-chain indicators continue to provide mixed signals for SUI. Increased stablecoin holdings on the Sui network indicate increased liquidity pegged to the US dollar. However, the total locked value (TVL) in the Sui DeFi agreement dropped significantly, reflecting a disconnect between available cash and capital actually invested in the ecosystem.

Continued coin unlocking further complicates the SUI outlook, increasing the number of coins in circulation on the market. This continued supply expansion could put downward pressure on prices, especially at a time of reduced spot demand and weak technical structures.

Despite these challenges, developers at Sui Network have introduced new features to support the long-term ecosystem of tokens. Recent updates include integrating autonomous wallets on WaaPxyz and Cetus Protocol, designed specifically for artificial intelligence agents that automatically manage tokens and liquidity positions.

Meanwhile, XStableAI announced plans to bring precious metals and foreign exchange markets to Sui as part of an effort to build AI-driven infrastructure for tokenized gold and foreign exchange trading. The announcement did not include information about user adoption rates or transaction volume data.

Although stablecoin balances on Sui's network are rising, the sharp decline in the value of total locked positions suggests that additional liquidity has not driven broader DeFi deposits within the network ecosystem.

In order to offset the new circulating supply, the Sui Foundation reportedly bought back approximately 600,000 SUIs through open market operations, although unlocking continues to increase the overall supply.

Several traders have warned that in a market where a single Federal Reserve announcement or unexpected altcoin listing can dramatically affect prices in seconds, the need to switch between multiple apps to track charts, news and portfolios could lead to missed opportunities. As a result, many people are turning to privacy-protected platforms like CryptoApps, which integrate real-time charts, price alerts, and macro data on a single screen without requiring users to create accounts.

As the game between rising stablecoin liquidity, falling total locked value and unlocking new coins continues, SUI's short-term prospects remain unclear, and investors are paying close attention to whether the support level of US$0.71 can be held or will give way to deeper adjustments.