SUI has returned to around $0.72 after its August recovery stalled above $0.85, bringing the token back to a price area that could attract buyers following its recent decline.
However, the latest SUI price chart offers limited evidence that a sustained recovery has begun. The token has already given up much of its August gains and could remain vulnerable if support near $0.70 fails.
SUI revisits its previous rally zone
SUI was trading at $0.7224 after falling 0.62% during the latest daily session. The token reached an intraday high of $0.7377 before pulling back.
The decline followed a brief August rally that pushed SUI above $0.85. Buyers were unable to sustain that move, and the token has since returned to levels recorded before the rally began.
SUI daily price trend chart
The current chart shows SUI trading largely between approximately $0.65 and $0.80 over the past three months, despite several attempts to break higher.
Has SUI found a bottom?
The area around $0.70 is now the key price level to watch. Increased buying activity has occurred near that level since June, making it an important test during the latest pullback.
If $0.70 continues to hold, SUI could make another attempt to reach $0.75. A stronger recovery, however, would require the token to move back above the $0.80-$0.85 region, where its August rally stalled.
A break below $0.70 would weaken the recovery outlook and could send SUI back toward $0.65.
Market momentum is also broadly balanced. SUI’s Relative Strength Index stood at 47.93, indicating that neither buyers nor sellers currently have a decisive advantage.
SUI is therefore trading in a familiar price range, but the current setup does not necessarily signal the start of another major rally. Holding above $0.70 and recovering the ground lost since August would offer clearer evidence that buyers are returning.
Key takeaway
SUI has fallen back to around $0.72 after its August recovery stalled above $0.85. The $0.70 support level could determine whether another rebound begins or the decline extends toward $0.65.
Source: cryptonews.net
