SUI dropped below the $1.05 support level and is now trading at $1.03, marking a 17% downside risk to the next target of $0.85 within the next 30 days. Technical indicators are bearish, with momentum clearly favoring sellers.
How the price moved
The cryptocurrency slipped under the $1.05 floor in recent trading sessions, a level that had held for several days. At $1.03, SUI is now less than 2% away from breaching the $1.00 psychological barrier. The $0.85 target represents a further decline of about 17% from current prices, and analysts are watching closely to see if sellers can drive it that low.
Technical picture turns bearish
Momentum indicators are pointing firmly downward. The relative strength index is in bearish territory, and moving averages have crossed in a manner that typically signals continued selling pressure. Volume data shows more activity on red candles than green ones, suggesting traders are leaning short. There are no clear support levels between $1.00 and $0.85, meaning a break below $1.00 could accelerate the decline.
What $0.85 would mean
That price target, if reached, would represent a fresh low for SUI in recent months. It is not a round number but does correspond to a prior consolidation zone from earlier trading. Some market participants are already placing limit orders around that level, betting on a bounce. Others see it as a line in the sand — below $0.85, the next stop could be significantly lower.
For now, the short-term outlook is bearish. The next few days will be critical: if SUI can't reclaim $1.05 quickly, the path to $0.85 looks clear. No major catalysts are on the calendar to reverse sentiment, so the move will depend on broader market conditions and whether buyers step in at lower prices.
