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SUI News Today: SUI Challenges $1.80 Support—Pathway to $20 or Headed for More Losses?

SUI News Today: SUI Challenges $1.80 Support—Pathway to $20 or Headed for More Losses?

Bitget-RWA2025/11/02 11:20
By:Bitget-RWA

- SUI cryptocurrency faces short-term correction to $1–$1.50 before potential $10–$20 rebound, driven by ecosystem growth and institutional adoption. - Key support at $1.80–$2.10 could trigger $3.50–$4.80 rally if defended, with $20+ long-term targets supported by $2B+ TVL and DeFi partnerships. - Upcoming token unlocks (92M SUI) add short-term pressure, but strong liquidity and institutional buying historically offset selling shocks. - Technical analyses suggest $5–$8 mid-term targets, with $20+ long-term

The

digital asset is once again in the spotlight as market experts discuss the likelihood of a short-term pullback followed by a robust upward move. Fresh forecasts and chart analyses indicate SUI might fall to a range of $1 to $1.50 soon, but could then rally as high as $10–$20, fueled by ecosystem expansion, institutional participation, and positive technical signals, according to a .

At present, SUI is trading within a crucial support band between $1.80 and $2.10—a zone that has previously sparked strong recoveries, the report highlights. Experts also point out that this level acted as a liquidity sweep before SUI’s surge to $5 at the start of 2025, as reported by

. Should SUI slip below $1.80, further losses toward $1.39–$1.67 are possible, based on projections from several sources, including and . On the other hand, holding this support could mark the beginning of a new bullish cycle, with resistance levels at $3.50–$4.80 and a potential long-term target of $20, analysts suggest.

Forthcoming token unlocks, set to release about 92 million SUI tokens (valued at $206 million) over the coming month, have created some short-term selling pressure, according to Brave New Coin’s analysis. Nevertheless, experts note that SUI’s deep liquidity and institutional demand have often cushioned such events. The Sui network, with a Total Value Locked (TVL) surpassing $2 billion, continues to draw both developers and investors, reinforcing optimism for the future, the report adds.

Technical studies point to a bullish accumulation period for SUI, with major Fibonacci extension levels indicating mid-term targets of $5–$8 and long-term potential above $20, as echoed in recent analyses. Elliott Wave analysts believe the current corrective stage may be ending, with a breakout above $2.59 likely to start a new upward trend; in contrast, a fall below $1.80 could extend the consolidation phase.

Sui’s blockchain, built for rapid transactions using the Move programming language, has experienced increasing adoption. Recent collaborations, such as its integration with

, have broadened its applications in decentralized finance (DeFi) and cross-chain solutions, as noted by Brave New Coin. Institutional interest remains high, with analysts observing that SUI’s market behavior resembles previous breakout patterns seen in projects like .

Although optimism is building, experts warn that SUI must weather short-term fluctuations and sustain its ecosystem’s growth. A persistent drop below $0.36 would undermine most bullish projections, according to InvestingHaven. If SUI maintains its support and surpasses key resistance points, it could reach $7–$10 by mid-2026 and potentially exceed $20 by the end of 2026, provided market conditions remain favorable, commentators conclude.

0

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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