SUI faced aggressive sale over the past week, as more than 40 % of its highest level fell. The symbol is now trading at $ 1.96, which is a blatant opposite of its peak 2025 near 5.38 dollars and its lowest point since October 2024.
The collapse of the broader market, which is caused by total economic tensions after the announcement of Donald Trump’s tariff, stimulated a wave of references, which prompted a price equal to the lands of sale.
Technical indicators confirm the declining momentum. The relative strength index hovers in 37 years, stores the sale area, while Macd continues to flash the red color. The price has been closed below both EMA for 20 days ($ 2.26) and SMA for 200 days ($ 3.13), indicating the continuation of the declining bias.
By adding a context of the Fibonacci retreat levels, we see SUI losing its grip at a level of 0.236 at $ 2.57, which was previously working as short -term support. The next keys that must be monitored are $ 1.70, compatible with the Fibonacci foundation, and perhaps the final defense line before a deeper segment.
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Source: TradingView.
The ETF file provides temporary relief, but the risks are continuing
While Sui’s technical technologies are still fragile, the basic news has helped to slow down. On April 8, CBOE BZX Exchange presented a 19B-4 model with SEC to include Canary Sui Etf, which represents a crucial step in introducing the distinctive code into the ETF market.
ETF news sparked a modest recovery, as the distinctive symbol increased from $ 1.76 to re -test the level of $ 2. However, this step lacks the strength of the size and soon the sale corresponds to it. In addition to uncertainty, the SUI ecosystem has faced questions about the allegations of trading from the past and continues to combat instability in the network such as November interruption.
However, the long -term SUI Price prospects are supported by the continuing and partnership of the Defi cavity with Satlayer, which brings Bitcoin to the network. DeepbookClob Defi-native (Central Ordinity Orders Book), also prepares for a major symbolic launch, which can revitalize the momentum of the ecological system.
Expectations: a deeper reflection or collapse?
From a technical perspective, the distinctive symbol must retrieve and keep a range from 2.10 to $ 2.35 to escape from the current declining direction. Nearly less than $ 1.87 with another leg to $ 1.70 or even $ 1.25 support at 0.236 Fibonacci level. If panic continues, the psychological level of $ 1 can play its role.
On the contrary, in the event of the return of the liquidity and liquidity liquidity to the altcoin space, the symbol can test the resistance of $ 2.89 (0.382 FIB) in the short term. Until then, caution remains justified because sellers still control momentum.
