Sui ($SUI) is currently trading in a clearly defined downtrend after its strong rally earlier in 2025. The token hit an all-time high of $5.35 in early January, but since then has corrected sharply, now hovering around the $1.60–$1.70 range. This represents a drawdown of roughly 70% from its peak, placing SUI in a deep correction phase that’s typical of many Layer 1 assets in the current macro environment.
Over the past few weeks, price action has been choppy but generally bearish. SUI has been consolidating between $1.30 and $1.80, with recent attempts to reclaim $1.70 failing to hold. Technical indicators across multiple timeframes remain in sell territory: short-, medium-, and long-term moving averages are all sloping downward, and momentum remains weak. On-chain and technical analysis platforms now project a 2025 year-end range between $1.10 and $1.60, with average expectations closer to $1.20–$1.30 if current bearish pressure continues.
Market sentiment around SUI is currently bearish, supported by low fear & greed readings and high volatility. The number of green (up) days has been below 50% over the last month, and trading volume has been inconsistent, suggesting a lack of strong conviction from new buyers. That said, SUI’s fundamentals remain intact: it continues to see solid developer activity, ecosystem growth, and strong institutional interest in its Move-based smart contract platform.
Recent news includes a major community-driven recovery effort following the Cetus exploit, where a proposal was passed to recover around $223 million in assets. This shows a resilient and responsive governance model, which is a positive signal for long-term holders. The Sui Foundation and core teams are also pushing forward with upgrades, partnerships, and ecosystem incentives, especially in DeFi and gaming, which could act as catalysts in a more favorable market.
From a macro perspective, the broader crypto market is still in a consolidation phase. Bitcoin and Ethereum are holding key support levels, but risk appetite remains cautious. In this environment, mid-cap altcoins like SUI tend to underperform until a clear bullish breakout occurs in BTC and ETH. Until then, SUI is likely to remain range-bound or slightly lower.
For individual investors in Vietnam, here’s how to approach SUI right now:
- If you’re a long-term holder: This correction is a test of conviction. SUI’s fundamentals and roadmap remain strong. Consider dollar-cost averaging (DCA) into small positions if price stays above $1.10–$1.20, treating this as a multi-year hold.
- If you’re trading: Respect the downtrend. Avoid chasing rallies above $1.70 without strong volume confirmation. Watch for a confirmed breakout above $1.80–$2.00 before considering aggressive long entries. On the downside, a break below $1.10 could open a deeper correction toward $0.80–$1.00.
- Risk management: Keep position sizes small, use stop-losses, and avoid over-leveraging. SUI is still a volatile asset, and sentiment can shift quickly on both positive news and broader market moves.
Looking ahead, the key levels to watch are:
- Support: $1.30 (short-term), $1.10–$1.20 (stronger support)
- Resistance: $1.70–$1.80 (near-term), $2.00–$2.20 (next meaningful zone)
If Bitcoin regains momentum and altcoins start rotating back into favor, SUI could see a strong rebound from current levels. But for now, patience and discipline are the best strategies.
