SUI News Today: SUI's $1.80 Support Test: Gateway to $20 or Further Decline?

The SUI cryptocurrency is attracting renewed attention as analysts debate a potential short-term correction followed by a significant bullish rebound. Recent price predictions and technical analyses suggest that SUI could dip to between $1 and $1.50 in the near term before surging to $10–$20, driven by ecosystem growth, institutional adoption, and favorable technical patterns, according to a Brave New Coin report.

SUI is currently consolidating within a critical support zone of $1.80–$2.10, a range historically associated with sharp rebounds, the report notes. Analysts also observe that this area served as a liquidity grab before SUI's previous rally to $5 in early 2025, per CaptainAltcoin. A breakdown below $1.80 could trigger further declines to $1.39–$1.67, as outlined by multiple models, including InvestingHaven and CoinCodex. However, a successful defense of this support level could signal the start of a new bullish phase, with resistance targets at $3.50–$4.80 and eventually $20, analysts say.

Upcoming token unlocks, which will release approximately 92 million SUI tokens (worth $206 million) over the next month, have introduced short-term selling pressure, the Brave New Coin analysis adds. Yet, analysts argue that SUI's strong liquidity and institutional buying have historically mitigated such shocks. The Sui ecosystem, with a Total Value Locked (TVL) exceeding $2 billion, continues to attract developers and investors, bolstering long-term confidence, the report notes.

Technical analyses highlight a bullish accumulation phase for SUI, with key Fibonacci extension levels pointing to potential targets of $5–$8 in the mid-term and $20+ in the long term, observations echoed across recent coverage. Elliott Wave theorists suggest the current corrective phase may be nearing completion, with a breakout above $2.59 signaling the start of a new uptrend; conversely, a drop below $1.80 could prolong consolidation.

Sui's blockchain, designed for high-speed transactions using the Move programming language, has seen growing adoption. Recent partnerships, such as integration with Ethena, have expanded its use cases in decentralized finance (DeFi) and cross-chain infrastructure, the Brave New Coin piece notes. Institutional interest remains strong, with analysts observing that SUI's market structure mirrors past breakout patterns seen in projects like Solana.

While bullish scenarios are gaining traction, analysts caution that SUI must navigate near-term volatility and maintain ecosystem momentum. A sustained dip below $0.36 would invalidate most optimistic forecasts, according to InvestingHaven's analysis. If SUI holds its support and clears key resistances, it could reach $7–$10 by mid-2026 and $20+ by late 2026, assuming favorable market conditions, commentators add.