Sui’s price has maintained a weak outlook during its current correction phase, following a previous upward movement. After completing an ABC corrective pattern on the charts, the downward tre
Sui’s price has maintained a weak outlook during its current correction phase, following a previous upward movement. After completing an ABC corrective pattern on the charts, the downward trend persisted, with prices turning lower once again from the $0.80 to $0.83 resistance range. As cautious sentiment prevails in the market, analysts have emphasized that a clear upward breakout is needed to shift the overall direction.
The current market structure continues to form lower highs and lower lows. In this context, the main downside targets are at $0.65, $0.60, and $0.50. According to the analysis, the brief relief rally may have ended, possibly leading to a new downward wave.
If Sui fails to reclaim $0.80, renewed selling pressure may drive the price back toward $0.70 and $0.65. In a deeper correction, there is a possibility that the price could test the $0.55 level, or even the key liquidity zone near $0.50.
Crypto analyst More Crypto Online has noted that unless Sui sees a decisive breakout, the short-term outlook suggests one final drop toward the $0.55 to $0.50 region, after which a true trend reversal may take shape.
Conversely, a strong rally above $0.83—if sustained—could invalidate the bearish scenario. In that case, momentum could shift upward once again, with $0.90, $1.00, and $1.10 emerging as new targets.
Technical indicators, especially the MACD, are drawing attention. The MACD value stands at minus 0.05152, with the signal line at minus 0.05465. A histogram reading of 0.00313 signals a reduction in selling pressure. Although still in negative territory, the slowdown in the pace of decline is seen as an early sign of market stabilization.
Meanwhile, the RSI is at 35.24, with its two-period average at 36.57, highlighting limited buying appetite and the market’s approach toward oversold conditions. Despite a slight rebound in the RSI, analysts stress that a more definitive change in trend would require the indicator to move above the 40 mark.
Amid ongoing price pressure, Sui’s ecosystem has witnessed a significant development on the fundamentals side. A dedicated landing page for SuiUSDe has been launched, marking the result of collaboration between Ethena and Sui Group Holdings. Sui aims to foster growth in decentralized finance (DeFi) as a blockchain network designed for high transaction capacity.
This move is seen as an important milestone for developing programmable dollar infrastructure within the Sui network and for deepening the integration of DeFi services.
Mini glossary: A programmable dollar refers to a digital dollar structure that can be integrated into specific use cases via smart contracts. DeFi, or decentralized finance, enables financial operations like lending, borrowing, and swapping to be carried out on blockchain networks without intermediaries.
The integration of this programmable dollar model into Sui’s DeFi ecosystem is expected to boost on-chain liquidity, enhance capital efficiency, and support decentralized finance adoption in the long term. If the ecosystem continues to expand its reach, this could eventually provide support for Sui’s price during future market cycles.
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