SUI Tests Critical $1.4–$1.5 Support Amid Heightened Market Volatility
SUI is currently testing a key support zone between $1.4 and $1.5 — a level that could determine its next major move. After a period of consolidation, SUI has broken down from its trading range as selling pressure intensified and bears took control.
At present, price action remains above a clearly defined horizontal support area, which has historically attracted strong demand. If this support holds, SUI could see a short-term technical rebound. However, a breakdown below this zone would significantly increase the risk of further downside.
From a market capitalization perspective, sentiment remains weak. SUI’s market cap dropped from approximately $6.7 billion to $6.0 billion on January 19, and has since moved sideways between $5.5 billion and $5.8 billion. This range-bound behavior suggests a lack of strong participation and continued hesitation from large capital.
The coming days will be crucial for SUI, as price action around the $1.4–$1.5 support zone will determine whether the market can defend this level or if another leg lower is ahead.
