SUI Tests Critical Support as Bulls Eye $0.78 Rebound

SUI trades near $0.7117 as bulls defend $0.695-$0.704 support, with $0.78 rebound and spot ETF launches in focus.

SUI is testing a key support area after a sharp pullback from the $0.77 region. Traders are watching whether buyers can defend the current decision zone.

The token is trading near $0.7117, according to CoinMarketCap data shared in the market update. The same data showed a $2.88 billion market cap and $122.25 million in daily volume.

BitGuru said SUI is holding support near $0.66 while facing resistance around $0.82. The analyst said traders are watching for either a breakout or a breakdown.

The market now sits between short-term weakness and a possible rebound setup. A move above $0.722 could support a recovery toward $0.78.

Rebound Toward $0.78 Needs Confirmation

If SUI clears $0.722, the next resistance sits near $0.735 to $0.745. This area may act as a supply zone after the recent sell-off. A break above it could reopen the path toward $0.758 to $0.777.

The $0.78 area remains the main rebound target in the current setup. However, that path depends on buyers defending support first. Without confirmation, the projected recovery remains only a possible scenario.

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