SUIUSDT Bulls Strive to Regain Momentum After a Sharp Selloff

SUI Price Analysis –

October 15

SUI is attempting to stabilize after a sharp decline that sent prices plunging toward the $0.5809 zone before buyers swiftly stepped in. The token has since recovered above $2.60, showing that bulls are trying to re-establish control after a significant liquidity grab.

SUIUSDT Key Levels

Support Levels: $1.77, $0.58
Resistance Levels: $3.21, $3.72

SUIUSDT Long Term Trend- Bearish (Daily Chart)

Following a sustained period of selling pressure, the market found strong demand near the $1.77 level, which has acted as a crucial support base in the past. The rebound from this area indicates renewed buyer interest. Nevertheless, momentum remains fragile as the price continues to trade below short-term resistance.

On the daily chart, the Stochastic Oscillator shows a mild recovery after previously dipping into oversold territory. This means that buyers are gradually re-entering the market. However, the Parabolic SAR dots remain above the candles, confirming that bearish sentiment is still present for now.

SUI/SDT Short Term Trend- Bullish (4-hour chart)

On the 4-hour chart, the market is showing signs of short-term exhaustion after a relief rally from the lows. The Stochastic indicator is turning downward from the overbought region, suggesting that the current bounce might slow before another bullish leg emerges.

If buyers manage to defend the $2.60 area, upward continuation toward $3.21 remains likely. A clear breakout above $3.72 would signal a stronger reversal phase, potentially opening the door for a run toward $4.24.

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