SUI Price Analysis: Potential Reversal Amid Market Retracement

SUI price is trading at $2.8 amid a broader market retracement, but analysts and on-chain data suggest the token is forming a potential reversal pattern.

With stablecoin transaction volume hitting a new high and outperforming Solana last week, SUI coin may be positioned for renewed bullish momentum if current support levels hold.

SUI Price Tests Key Support Zone

SUI price current structure is pulling back toward a critical Fibonacci support zone. Analyst Man of Bitcoin has identified a 1-2 setup, indicating the asset is at a corrective stage before a possible impulsive leg up.

His chart indicated the price scaling into an area of $2.62 to $1.87, with a failure point at $1.718.

This pattern finds support at several Fibonacci retracement levels, especially around the 0.618 to 0.786 bands, which are commonly seen as high-probability bounce zones. SUI coin price is already reaching that low volatility, volume compression area, indicating possible accumulation.

Nevertheless, failure to break below $1.718 stabilizes the structure. If support holds, the next wave could aim for levels closer to $3.40 or beyond.

Current price trends mirror the first quarter of 2024, where altcoins with the best prices began a similar reversal and recorded a rise of 40% over two weeks.

SUI Price Breaker Block Validates Zone

Analyst Waleed Ahmed pointed to a long-term breaker block between $2.30 and $2.80. SUI price is currently resting at the top of that block, which had served as resistance in March 2025. This zone is now being retested as support.

The daily RSI has dipped below 40, historically marking reversal points in prior SUI price cycles. As long as the price stays within this breaker block and RSI recovers above 50, a significant price movement may follow.

Volume indicators also show diminishing selling pressure, which typically indicates a trend reversal. Should bulls re-enter around $2.70, then a move to the $3.40 resistance line is feasible.

SUI Surpasses Solana in Weekly Stablecoin Transfers

On-chain metrics reveal strong underlying growth. According to Artemis data, SUI processed $40.07 billion in stablecoin transfers from June 9 to 15, surpassing Solana’s $35.53 billion for the same period. This marks the first time SUI has led in this category.

Stablecoin transfer volume measures actual network usage, and SUI’s rise indicates greater interest in its DeFi capabilities and high-speed Layer 1 network.

Liquidity is progressively moving to SUI as developers find its fees and smooth throughput enticing. Such on-chain strength supports price stability even amidst corrections, with increased stablecoin usage pointing to a rise in total value locked (TVL) in protocols based on the Sui network.

This, combined with a roadmap for scaling, positions SUI competitively as a Layer 1 in the subsequent bullish cycle.

Market Metrics Show Resilience

SUI coin has reached 12th place in market capitalization at $9.57 billion, with a 24-hour trading volume of $965.8 million.

Its fully diluted valuation (FDV) stands at $28.17 billion, with a circulating supply of 3.39 billion out of a total of 10 billion tokens. A Vol/Mkt Cap ratio of 10.18% indicates moderate trading activity.

Although the SUI price fell by 16% in the last 7 days, it remains within a longer-term consolidation range. The price reached a high of over $4.40 in April 2025, but is currently in a retracement stage showing signs of re-accumulation.