Sui (SUI/USDT) Stabilizes After Prolonged Decline

Sui Price Analysis: November 5

Sui has been grinding lower through October and early November, now stabilizing just above $2.03 following a modest +2.8% rebound on the day. The price recently tapped $1.77, a key horizontal support level that previously served as the launchpad for April’s rally. This zone now acts as a critical structural defense for bulls as a decisive close beneath it could expose the token to deeper downside toward $0.58 key level.

Sui Key Levels:

Resistance Levels: $2.20, $2.42
Support Levels: $1.78, $0.58

Sui Long Term Trend- Bearish (Daily Chart)

The 9‑day and 21‑day moving averages remain bear‑aligned, forming a tight ceiling between $2.25 and $2.45. A daily close above this cluster would be the first technical signal that bearish momentum is beginning to fracture.

The ADX at 55.00 confirms that the downtrend is still strong. However, the indicator has started to flatten, suggesting that while the trend remains intact, its intensity may be fading. This often precedes a shift toward consolidation or a relief bounce. A failed breakdown below $1.77 could attract bargain hunters looking to capitalize on a mean reversion setup. However, only a sustained move above $2.45 would meaningfully shift the broader bias.

Sui Short Term Trend- Bearish (4hour chart)

On the 4‑hour chart, Sui trades quietly near $2.03, consolidating in a narrow channel after several weeks of decline. The short-term moving are beginning to flatten showing a subtle but important signal that the persistent downtrend may be losing steam.

Despite this, rallies continue to stall near $2.10–$2.15, keeping pressure on intraday traders. The ADX (14) reads 57.36, indicating that the downtrend remains dominant. However, such elevated ADX values rarely persist without a cooldown, suggesting that saturation may be setting in.

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