The price of SUI has hit a precarious point, with buying momentum stalling despite the token holding above key moving averages. Technical divergence now suggests a 65% probability that the asset will test the $1.09 support level before any meaningful rally can take hold. Bulls, meanwhile, are keeping their eyes on a $1.31 target.
Stalled momentum above moving averages
SUI has been trading above its major moving averages in recent sessions, a setup that typically signals short-term strength. But the upward drive has flattened. The price is essentially stuck—unable to break higher, yet not falling through the technical cushions that have kept it afloat. That kind of standoff rarely lasts long. When momentum stalls above support, traders watch for a shakeout to lower demand zones before the next leg up.
Technical divergence points to a support test
Analysts tracking the charts point to a divergence between price action and underlying momentum indicators. While SUI hasn't dropped sharply, the buying pressure has faded. That mismatch is what drives the 65% probability estimate for a dip to $1.09. It's not a guarantee—just the most likely path based on current data. If SUI does slide to that level, it would represent a retest of a zone that has historically attracted buyers.
Bulls target $1.31
On the flip side, the bullish camp hasn't given up. Their immediate target is $1.31, a level that would mark a meaningful recovery from the current range. That target assumes the $1.09 support holds and that momentum can rebuild. Getting there, though, requires either a sudden influx of buying or a catalyst that shifts the technical picture. Right now, neither is obvious. The market is waiting.
The real question is whether SUI can hold above those moving averages long enough to attract fresh demand, or if the divergence will drag it down first. The next few trading sessions should offer a clearer answer.
