Sui Faces Weak Price Bounce, “One More Low” Towards $1?

A crypto market analyst tracking Sui (SUI) is warning that the token is lagging behind major assets like Bitcoin, Ethereum, Solana, and Cardano, and may be headed for at least one more leg down toward the $1 area despite a potential short-term bounce.

The commentator, focusing on Elliott Wave structures and key Fibonacci levels, argues that Sui is showing “additional weakness” compared with other large-cap coins that appear to be progressing through a clearer B-wave relief rally.

Weak B-Wave, Lower SUI Price Targets Now In Focus

On the higher time frame chart, Sui is currently testing an orange trend-line around $1.37, drawn from a recent swing low. The analyst cautions it is “a bit too early” to call that level a firm bottom and stresses that any near-term strength would likely be corrective rather than the start of a new uptrend.

The core scenario: a modest B-wave bounce, followed by another decline into a support cluster between $0.91 and $1.07. Within that zone, the analyst highlights a key intermediate target near $1.02, aligned with the 61.8% Fibonacci retracement. That band is described as an “ideal” area for one more low before any more durable base could form.

The analyst also notes a risk window: if Bitcoin completes its own B-wave recovery before Sui can mount a “healthy” bounce, Sui could simply “continue to decline” without ever seeing a strong relief move.

Short-Term Structure: Modest Bounce, Fragile Support

On lower time frames, Sui is showing the early signs of a bounce off local micro-support between $1.38 and $1.42, which is “currently being tested.” As long as the $1.38 level holds, the analyst considers a move back up toward about $1.58 likely, with an “ideal” B-wave resistance zone higher at roughly $1.66–$1.74 if bulls can push further.

Structurally, the recent advance into the January high is labeled as a three-wave A–B–C move, interpreted as a fourth wave within a broader decline. That implies a fifth wave lower still to come, also expected to unfold in A–B–C form.

A key difference versus Bitcoin and Solana: on those charts, the drop has formed a five-wave decline, while on Sui it currently appears as three waves, leaving some ambiguity as to whether another low in “circle wave A” could still be ahead.

A trend-line that previously acted as support—visible as the orange line on the higher time frame—will need to be broken decisively to “unlock prices” closer to $1, the analyst says.

Why This Matters

For traders, the message is cautious: Sui may offer a short-term bounce trade into resistance, but the analyst does not view the setup as “high-confidence or high-quality.” The broader altcoin complex is described as weak, with Sui “on the weaker side” and the path of Bitcoin’s B-wave could dictate whether Sui gets any meaningful upside before revisiting or breaking the $1 zone.

Investors considering entries may want to treat the $0.91–$1.07 support cluster—especially the $1.02 Fibonacci level—as a critical area to watch, while assuming that any near-term rallies are more likely to be corrective than the start of a sustained trend reversal.

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People Also Ask:

What key levels is Sui trading around now? The analyst highlights micro-support at $1.38–$1.42 and nearby resistance around $1.58, with a broader resistance zone near $1.66–$1.74.

How low could Sui go if the bearish scenario plays out? The main downside target zone is $0.91–$1.07, with a notable Fibonacci level at approximately $1.02.

Is the current move on Sui considered bullish? No. The analyst frames any current or near-term upside as a corrective B-wave bounce within a larger downward structure.

How does Sui compare to other major altcoins right now? The analyst says coins like Solana, Ethereum, Bitcoin, and ADA show clearer B-wave progress, while Sui “remains on the weaker side.”

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