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SUI News Today: Is SUI's $1.65 Level a Sign of Recovery or the Start of a Downturn?

SUI News Today: Is SUI's $1.65 Level a Sign of Recovery or the Start of a Downturn?

Bitget-RWA2025/11/19 15:58
By:Bitget-RWA

- SUI tests key support at $1.65–$1.71 amid broader crypto market weakness, with historical data showing prior rebounds from this zone. - Technical indicators (RSI 35, negative MACD) highlight bearish momentum, but strong volume at support suggests potential buyer interest. - Ecosystem growth (TVL $1.19B) contrasts with declining user activity (400K daily users), raising questions about short-term sustainability. - Analysts remain divided: some see $1.71 as a bullish retest level, while others warn of a po

Sui (SUI), the primary asset of the

blockchain, is once again in the spotlight as market experts point to its stability during a widespread downturn in the crypto sector. Both technical signals and blockchain data indicate that SUI is currently challenging significant support zones that may shape its short-term movement. Although the overall market sentiment remains bearish, SUI’s recent price behavior has sparked discussion among investors about whether a recovery is on the horizon or if further declines are likely .

Despite falling 32% since early November, Sui has managed to hold a crucial horizontal support area between $1.65 and $1.71,

by Sjuul, a strategist at AltCryptoGems. Historically, this range has served as a springboard for upward moves, with the price frequently rebounding from this zone in previous cycles. SUI producing long lower shadows near this support, which may indicate buying interest. “This setup is one of the clearest displays of strength on a higher timeframe chart during a period of general weakness,” Sjuul commented, above this region could confirm a bullish retest pattern.

Technical experts are paying close attention to the $1.71 mark as a key inflection point. DaanCrypto, a well-known analyst, called it “a vital anchor for preserving structural stability.”

this resistance, it could pave the way for higher targets like $1.73–$1.77, with a possible longer-term aim of $2.00. On the other hand, $1.63–$1.65 could prompt a move down to the $1.35–$1.40 range, especially if Bitcoin’s volatility increases or altcoin liquidity drops.

SUI News Today: Is SUI's $1.65 Level a Sign of Recovery or the Start of a Downturn? image 0

Developments within the Sui ecosystem add further complexity to the situation.

has driven Sui’s total value locked (TVL) to $1.19 billion as of November 17. However, user engagement has decreased, with daily active users dropping to 400,000—the lowest since August. a shift of capital toward safer assets, though some market watchers believe that the growth in TVL bodes well for the ecosystem’s long-term prospects, even if short-term momentum is weak.

Weekly technical indicators for SUI reveal an RSI near 35 and a negative MACD, both pointing to bearish momentum. These signals highlight the risk of further declines if SUI cannot regain strength above key support levels.

The token’s price remains pressured within a descending triangle that has developed over nearly a year. Immediate resistance is at $1.73, with further barriers at $1.77 and $1.82.

$1.69 could support a bullish scenario, but confirmation from trading volume will be essential. At the same time, falling user activity and negative momentum indicators, such as a weekly RSI near 35 and a negative MACD, highlight the risk of a breakdown.

Traders should look for alignment between price movements and trading volume. A recovery above key moving averages (EMA20/EMA50) with increasing volume could indicate renewed buying interest. Conversely,

$1.63–$1.65 would weaken the short-term outlook and could speed up a drop toward $1.35.

At the time of the latest update, SUI is trading around $1.59–$1.62, with

short-term prospects. Changelly expects stabilization near $1.71, while CoinCodex predicts a fall to $1.35 by November 20. The next few days will reveal whether SUI can maintain its structure as the market continues to search for direction.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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