SUI Price Prediction: Long-term Bullish, Short-term Bearish – Here Are the Levels to Watch

SUI is at a fascinating crossroads. On one hand, bullish projections range from $3.70 all the way up to $25 or higher. Going above the $0.90 mark, according to certain individuals, would pave the way for a major upside run driven by adoption and increased demand.

However, from a short-term perspective, things look quite different now. There was a powerful bullish breakout of the SUI price following consolidation, but the rejection at higher levels means that sellers are coming in again. 

Price is now following a clear downtrend structure with lower highs and holding below resistance. As long as the SUI price stays below that level, momentum favors downside continuation. The bulls and bears are both right, just on different timeframes.

SUI Fibonacci levels point to $3.70 and beyond

We had a look at the SUI daily chart shared by SUI Intern, and the long-term structure is actually quite bullish. The SUI price closed the latest day at $0.9369, sitting just above the 2.272 Fibonacci extension level at $0.9912. That level has acted as resistance for weeks. 

The daily chart shows Fibonacci levels all the way up to $4.50 and beyond. The 0.236 level sits at $4.5049. The 0.618 level is at $3.8456. The 1.272 extension is at $2.7170. The 1.618 extension is at $2.1198. The bullish projections of $3.70 to $25 line up with these Fibonacci levels. $3.70 is right near the 0.5 to 0.618 zone. $25 is beyond the chart's current visible range, but the structure indicates the path exists.

Daily SUI price chart analysis.

The daily RSI is at 51.99, perfectly neutral. That means the SUI price has room to move in either direction without being overbought or oversold. The 100 day SMA is not visible on this chart, but the daily structure shows a clear resistance zone near $1.00. That is the first major hurdle. Below that, support sits near $0.85, then $0.75, then $0.60. The SUI price is currently trading at $0.9357, right in the middle of this range.

83% drawdown and a sideways market cap – the signs are there

The Glassnode data adds more context. The SUI market cap has been steady near $3.6 billion to $3.8 billion, moving sideways along with the SUI price. 

The price drawdown from the all-time high is still around 83%. That means the SUI price is down over 80% from its peak. For context, that is the kind of drawdown that often marks the bottom of a cycle. The SUI price has been here before, and each time it eventually bounced. 

A clean downtrend with one level to break

The 4-hour chart is where the short-term caution comes from. The SUI price is trading at $0.9357, up 0.72% on the session, with a high of $0.9362 and a low of $0.9279. The 100 period SMA sits at $0.8995, and the SUI price has been holding above that level for several candles. 

That is a positive sign. But the resistance above is clear. The 4-hour chart shows a resistance zone near $0.96–$0.98. The SUI price tried to break it and got rejected. Now price is making lower highs, which is the definition of a downtrend structure.

4-hour SUI price chart analysis.

The 4 hour RSI is at 52.75, neutral. No overbought or oversold signals here. Volume is light at 216,450 SUI, which tells us there is no aggressive buying or selling. The price of SUI is just floating in the channel without any trigger to make a move.

Support levels for the 4-hour timeframe are $0.92, $0.90, and $0.85. The downtrend line is formed based on the latest peaks, and as long as the price remains below this line, bearish momentum prevails.

The bull case vs. the bear case

The bull case for the SUI price is simple. A breakout above $0.90, which has already happened, opens the path to $1.00, then $1.50, then $2.00, then the Fibonacci targets at $2.11, $2.71, $3.84, and $4.50. Institutional adoption is the wildcard. 

Sui has been gaining attention from funds and developers because of its technical performance. If that attention turns into real capital inflows, the SUI price could rerate much higher. The $25 projection is extreme, but it is based on the idea that Sui captures a meaningful share of the layer one market.

The bear case is also simple. The SUI price is in a downtrend on the 4-hour chart. Lower highs are forming. Resistance is holding. Sellers are stepping in at every bounce. 

Until the SUI price breaks above the downtrend line and holds above $0.96, the path of least resistance is down. A break below $0.90 would open the door to $0.85, then $0.80, then $0.75. The 83% drawdown from the all-time high could get even deeper.

Where the SUI price goes from here

SUI is caught between a bullish long-term structure and a bearish short-term trend. The daily chart says up over time. The 4-hour chart says down right now. Both are true. The key level to watch is $0.96. 

A break above that with volume would flip the short-term trend to bullish and open the path to $1.00 and beyond. A failure to break and another rejection would send the SUI price back toward $0.90 and potentially lower.

CoinCodex's 1-month SUI price prediction places the price at $0.7043, well below the current $0.93 level. That forecast sees a drop toward the lower support zone. But the daily chart and the Glassnode data tell a different long-term story.