- SUI price holds above $0.96 after breaking key resistance levels
- Support at $0.934 remains critical for maintaining bullish structure
- Upside targets for SUI price extend toward $1.04 level
SUI price is showing early strength after breaking above key resistance at $0.96 and reclaiming the $1 level. The move signals a possible shift in trend after weeks of decline. Traders are now watching whether SUI can hold support levels and extend gains toward the $1.04 resistance zone.
SUI Price Breakout Above 0.96 Signals Structure Shift
SUI price is showing early signs of recovery after breaking above the $0.96 resistance level. The move follows weeks of selling pressure on the 1-hour Binance chart. According to analyst BitGuru, this shift marks a transition from a downtrend to an early bullish structure.
The SUI price is currently trading near $1.00, reflecting a 2.89% gain in 24 hours. It reached a session high near $0.9910 and held steady above previous resistance zones. Levels at $0.9601 and $0.9698 have now turned into support areas.
This breakout suggests that bearish momentum is weakening. BitGuru noted that holding above $0.96 could allow the SUI price to move higher. The current structure supports a gradual shift in market behavior.
SUI Price Key Support and Resistance Levels to Watch
The SUI price is now trading close to a pivot level near $1.01. This area may act as short-term resistance. A stable move above this level could open the path toward $1.04. Traders are watching for confirmation through sustained price action.
Support remains firm near the 50% Fibonacci retracement level at $0.934. Holding this level is important for maintaining the current structure. If the SUI price falls below $0.96, it may revisit lower support near $0.9362.
The token has gained around 7% over the past week. This reflects improving sentiment compared to the previous month. Market participants are observing whether the SUI price can sustain this upward movement.
Upside targets remain near $0.9991 and $1.00 in the short term. A move above these levels may confirm continued recovery. The next key level remains the recent swing high near $1.04.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
