Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
SUI News Today: Is SUI's $1.65 Level a Sign of Recovery or the Start of a Downturn?

SUI News Today: Is SUI's $1.65 Level a Sign of Recovery or the Start of a Downturn?

Bitget-RWA2025/11/19 15:58
By:Bitget-RWA

- SUI tests key support at $1.65–$1.71 amid broader crypto market weakness, with historical data showing prior rebounds from this zone. - Technical indicators (RSI 35, negative MACD) highlight bearish momentum, but strong volume at support suggests potential buyer interest. - Ecosystem growth (TVL $1.19B) contrasts with declining user activity (400K daily users), raising questions about short-term sustainability. - Analysts remain divided: some see $1.71 as a bullish retest level, while others warn of a po

Sui (SUI), the primary asset of the

blockchain, is once again in the spotlight as market experts point to its stability during a widespread downturn in the crypto sector. Both technical signals and blockchain data indicate that SUI is currently challenging significant support zones that may shape its short-term movement. Although the overall market sentiment remains bearish, SUI’s recent price behavior has sparked discussion among investors about whether a recovery is on the horizon or if further declines are likely .

Despite falling 32% since early November, Sui has managed to hold a crucial horizontal support area between $1.65 and $1.71,

by Sjuul, a strategist at AltCryptoGems. Historically, this range has served as a springboard for upward moves, with the price frequently rebounding from this zone in previous cycles. SUI producing long lower shadows near this support, which may indicate buying interest. “This setup is one of the clearest displays of strength on a higher timeframe chart during a period of general weakness,” Sjuul commented, above this region could confirm a bullish retest pattern.

Technical experts are paying close attention to the $1.71 mark as a key inflection point. DaanCrypto, a well-known analyst, called it “a vital anchor for preserving structural stability.”

this resistance, it could pave the way for higher targets like $1.73–$1.77, with a possible longer-term aim of $2.00. On the other hand, $1.63–$1.65 could prompt a move down to the $1.35–$1.40 range, especially if Bitcoin’s volatility increases or altcoin liquidity drops.

SUI News Today: Is SUI's $1.65 Level a Sign of Recovery or the Start of a Downturn? image 0

Developments within the Sui ecosystem add further complexity to the situation.

has driven Sui’s total value locked (TVL) to $1.19 billion as of November 17. However, user engagement has decreased, with daily active users dropping to 400,000—the lowest since August. a shift of capital toward safer assets, though some market watchers believe that the growth in TVL bodes well for the ecosystem’s long-term prospects, even if short-term momentum is weak.

Weekly technical indicators for SUI reveal an RSI near 35 and a negative MACD, both pointing to bearish momentum. These signals highlight the risk of further declines if SUI cannot regain strength above key support levels.

The token’s price remains pressured within a descending triangle that has developed over nearly a year. Immediate resistance is at $1.73, with further barriers at $1.77 and $1.82.

$1.69 could support a bullish scenario, but confirmation from trading volume will be essential. At the same time, falling user activity and negative momentum indicators, such as a weekly RSI near 35 and a negative MACD, highlight the risk of a breakdown.

Traders should look for alignment between price movements and trading volume. A recovery above key moving averages (EMA20/EMA50) with increasing volume could indicate renewed buying interest. Conversely,

$1.63–$1.65 would weaken the short-term outlook and could speed up a drop toward $1.35.

At the time of the latest update, SUI is trading around $1.59–$1.62, with

short-term prospects. Changelly expects stabilization near $1.71, while CoinCodex predicts a fall to $1.35 by November 20. The next few days will reveal whether SUI can maintain its structure as the market continues to search for direction.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Dogecoin News Today: Grayscale Seeks Dogecoin ETF Approval: Meme Coin Gains Institutional Traction

- Grayscale files S-1 to convert Dogecoin Trust into spot ETF, seeking SEC approval by Nov 24, 2025. - This follows 2025 crypto ETF success and could drive $500M in inflows, leveraging Coinbase custody and Nasdaq listing. - Bloomberg analyst notes SEC's 20-day review window, suggesting potential rapid approval if no regulatory pushback occurs. - Dogecoin's volatility and regulatory scrutiny pose risks, but institutional adoption and social media momentum may drive growth.

Bitget-RWA2025/11/20 06:20
Dogecoin News Today: Grayscale Seeks Dogecoin ETF Approval: Meme Coin Gains Institutional Traction

Bitcoin News Update: Bitcoin Faces $83,000 Test as Whale Activity Drives Optimistic Predictions

- Bitcoin whale activity surged, with large holders transferring over 102,900 transactions above $100K and 29K above $1M, signaling a shift from selling to accumulation, per Santiment. - Analysts highlight $83K as a critical Fibonacci level, suggesting a successful defense could reignite Bitcoin's upward trajectory after stabilizing above $92K. - Derivatives markets show neutral funding rates and $83B daily volumes, indicating active participation despite drawdowns, while whale outflows suggest structured

Bitget-RWA2025/11/20 06:02
Bitcoin News Update: Bitcoin Faces $83,000 Test as Whale Activity Drives Optimistic Predictions

Ethereum News Update: BlackRock's ETH Sell-Off Triggers Downward Trend as $2B Exits ETFs

- Ethereum ETFs face $2B outflows as BlackRock deposits $175.93M ETH into Coinbase Prime, signaling strategic offloading. - Death Cross pattern and oversold RSI highlight technical fragility, with price needing $3,200 to avoid $2,500 retest. - Institutional selling and macroeconomic uncertainty drive $73B ETP outflows since October, deepening bearish sentiment. - Analysts warn BlackRock's absence from crypto purchases since mid-2025 risks prolonged capitulation below $2,800 support.

Bitget-RWA2025/11/20 06:02
Ethereum News Update: BlackRock's ETH Sell-Off Triggers Downward Trend as $2B Exits ETFs

Chainlink’s cross-chain advancements enhance liquidity, with LINK aiming to surpass the $14 mark

- Chainlink (LINK) partners with TAO Ventures and Project Rubicon to boost liquidity via CCIP, targeting a $14 price breakout. - The collaboration tokenizes Bittensor subnets into ERC-20 assets, enabling cross-chain DeFi access and staking rewards without selling assets. - Technical indicators (MACD convergence, ADX 37) suggest upward momentum, with analysts projecting $15–$20 price targets if $14 resistance breaks. - Institutional and retail interest grows as Chainlink's interoperability role strengthens,

Bitget-RWA2025/11/20 06:02
Chainlink’s cross-chain advancements enhance liquidity, with LINK aiming to surpass the $14 mark