- A move from $0.8927 to $1 would require a 12% gain, with $0.90 the first hurdle.
- Open interest fell more than 36% from its October peak, while spot and futures data showed continued selling.
- Giannis Andreou sees a path to $2, but a daily close below $0.83 would bring 0.65–0.70 back into view.
SUI traded at $0.8927 on November 2, down 1.10% and about 12% below $1, measured as the gain needed to recover. After an earlier rally from roughly $0.65 to $1.30, the token gave back about 31%. Buyers now face two tests: holding support near $0.84 and recovering $0.90, as spot demand remains weak.
Why the SUI Price Rebound Needs Buyers to Reclaim $0.90
Michaël van de Poppe sees a route back to $1 after SUI briefly undercut an earlier low. His forecast depends on buyers reclaiming a level that previously offered support but now attracts sellers.Â
Sweep also sees a bounce underway, though he wants to see SUI regain $1 before calling another leg higher.
The daily trading chart places support at $0.8415. More Crypto Online puts the 61.8% retracement slightly lower, at $0.827. For traders following those levels, a brief dip below $0.84 carries a different signal from a daily close below $0.83.
SUI price also faces a demand problem. Reported open interest fell to $255.64 million from more than $400 million in October. Funding stayed positive, meaning longs were paying shorts. Meanwhile, traders selling at market prices continued to outweigh aggressive buyers in both spot and futures trading.
What the SUI Price Chart Would Need to Show Before $2
Giannis Andreou identifies 1.00–1.10 as the first resistance zone. A move through $1 alone would still leave buyers inside that band. He wants to see former resistance hold as support on a pullback.
Andreou puts the next hurdles at 1.25–1.42 and 1.65–1.80. His $2 target implies roughly 123% upside from his $0.8963 reference price. That projection depends on buyers clearing all three zones.
On the downside, Andreou uses a daily close to distinguish a passing dip from a breakdown. If the SUI price closes below $0.83, he would look back to the 0.65–0.70 base where the earlier rally began.
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.
