SUI cryptocurrency faces key resistance levels during recovery attempt

SUI is currently navigating critical resistance and support levels following a period of decline. Analysts note that the token must defend the $0.84 to $0.87 range to maintain its recovery momentum. A daily close below $0.84 could lead to further declines toward the $0.70 to $0.80 support zones.

On the 12-hour chart, SUI has shown a pending buy signal after finding support at the 200-day moving average and target four. While the price has reclaimed a key yellow indicator line near $0.91, the daily chart has yet to confirm a corresponding buy signal. To restore a positive channel structure, buyers would need to reclaim the $0.94 to $1.00 range and eventually test resistance bands between $1.10 and $1.25.

Market activity shows Binance leading in exchange volume at approximately $38.04 million, while Coinbase recorded the largest positive net inflow at $2.33 million.