Sui (SUI) Flashes a Buy Signal After a 10% Weekly Drop: What Are the Potential Targets?
TL;DR
SUI is currently priced at $0.71 after a 10% drop this week, marking an 80% decline over the year. Analysts indicate a potential resurgence as a buy signal has been identified on its 12-hour chart.
Key points
- SUI currently priced at $0.71
- 10% drop over the past week
- 80% decline in the past year
- Buy signal identified on 12-hour chart
- Analyst Ali Martinez noted potential trend shift
Mentioned in this story
SUI trades well below its peak levels, and its double-digit decline over the past week has only worsened its condition. It is currently worth around $0.71, representing an 80% crash on a yearly basis.
However, certain indicators suggest that a resurgence could be just around the corner.
The Factors in Question
Renowned analyst Ali Martinez revealed that the TD Sequential has flashed a buy signal on SUI’s 12-hour chart, noting that it has been “remarkably accurate at identifying major trend shifts.”
“Its previous signal came after a 17% rally and accurately anticipated the next shift in momentum. Now, with SUI trading near $0.71, the indicator has flashed a fresh buy signal. This could mark the beginning of the next leg higher,” he stated.
His analysis follows a previous comment on SUI. Last week, Martinez argued that the asset appears to have entered a trading channel with a lower boundary set at $0.71. He claimed that if this area holds, he plans to buy SUI again, targeting the top of the structure at around $0.84.
At the beginning of September, another ray of hope emerged for the token. Back then, Martinez said SUI’s TD Sequential flashed a buy signal on the asset’s daily chart, hinting that the correction could be nearing its end.
The asset’s exchange netflow should also be observed. Over the past few days, outflows have dominated inflows, suggesting some investors have moved away from centralized platforms toward self-custody. This, in turn, reduces immediate selling pressure.
SUI Exchange Netflow, Source: CoinGlass
Top Forecasts
The list of market observers projecting SUI to fly high in the near future is quite lengthy. X user Michael van de Poppe believes that a pump to $0.85 could trigger a more substantial surge beyond $1. Crypto With Gopal also shared a similar thesis lately, saying:
“Buyers have defended the $0.72-$0.73 zone twice, showing strong support and a potential momentum shift. A reclaim of $0.84-$0.85 resistance could open the way toward the $1.00 target.”
Sui Intern was more optimistic, saying the asset has entered “a trampoline mode” and that “the deeper the market sentiment hits, the higher it will bounce up.” That said, they expect SUI to trade above $30 in Q4 2026.
In the meantime, you can check our video below for the overall market state and the major macro events coming up.
Q&A
What does the buy signal on SUI's 12-hour chart indicate?
The buy signal suggests a potential trend reversal and could indicate the beginning of a price increase for SUI.
How much has SUI dropped in the past week and year?
SUI has dropped 10% in the past week and 80% over the past year.
Who is the analyst that identified the buy signal for SUI?
The buy signal for SUI was identified by renowned analyst Ali Martinez.
