The price of SUI fell more than 10% in the latest trading session, pushing the token toward a key support level at $0.99. Analysts tracking the move say the selloff may be the final shakeout before a recovery rally that could send the token back above $1.19 by mid-June.
Why the selloff hit SUI
SUI dropped 10.27% over the past 24 hours, extending a slide that has tested the patience of holders. The decline comes amid broader market weakness, but on-chain data shows trading volumes spiking as some investors dumped positions near the $1.00 psychological barrier. The speed of the drop has pushed technical indicators into oversold territory, a condition that historically precedes short-term reversals.
The $0.99 level is crucial. If that floor breaks, the next stop is likely $0.88, a price that would represent a roughly 12% further decline from current levels. Traders assign a 65% probability that SUI will test that lower support before any sustained bounce.
What the charts say about a recovery
Despite the bearish short-term outlook, oversold readings are setting up what some chartists describe as a classic capitulation pattern. If SUI holds $0.99 and buying pressure returns, the token could stage a rally toward $1.19 within three weeks — putting the target date around June 15th.
That timeline assumes no external shocks. The projected bounce depends on volume picking up around the current levels and momentum shifting from sellers to buyers. If the $0.88 test happens first, the recovery might be delayed but could still reach $1.19 by the same deadline if the dip is sharp and quickly reversed.
The $0.88 risk and the June 15th deadline
Investors are watching two scenarios play out. In the more optimistic one, SUI bounces directly from $0.99 and climbs steadily to $1.19 by mid-June. In the alternative path — currently the higher probability — the token drops to $0.88, triggering stop-losses and potentially flushing out weak hands, then rebounds harder.
The June 15th date is not a hard deadline set by any project announcement or exchange listing. It's the timeline implied by the current chart patterns and the typical duration of a relief rally after an oversold condition. If SUI fails to reach $1.19 by then, the technical setup could shift from a temporary bounce to a prolonged downtrend.
