SUI Just Hit a “Bounce Zone” – Here’s Where SUI Price Could Go Next

By Afe Funbi

Kraken

Key highlights:

  • The SUI price has entered a major bounce zone around $1.50–$1.55, matching previous levels that sparked strong reversals.
  • Oversold RSI on both the 1D and 3D timeframes signals that momentum may be shifting back toward buyers.
  • Analysts are watching reclaim levels at $1.68, $1.79, and especially $2, where a full structural trend reversal could form.

SUI price prediction: Can this bounce zone spark the next rally?

SUI is finally showing some strength again after weeks of steady selling, and it’s happening right at a level that traders have been watching closely. 

The token has slipped into what many are calling a “bounce zone,” and analysts across Crypto X agree that the setup now looks far better than the mood in the market indicates. 

With RSI readings hitting their most oversold levels since 2023 and the SUI price landing directly on key structural support, things are starting to look a lot more interesting.

SUI has entered a true bounce zone

Prominent analyst CryptoBullet called attention to this and pointed out that both the 3-day and 1-day RSI just hit their most oversold levels in nearly two years. 

When momentum gets crushed that aggressively while price is testing major support, the chance of a rebound goes way up. According to his chart, the SUI price is reacting right where it should, and the next logical target sits around $1.90 to $2.20.

RSI alone doesn’t reverse a chart, but when oversold conditions line up perfectly with strong historical support, traders start to lean in. That’s exactly the situation SUI finds itself in now — a zone where sentiment tends to flip quicker than most expect.

SUI still holds its macro uptrend structure

Even though the recent drop caught a lot of holders off guard, EyeZenHour reminded everyone that SUI is still sitting firmly inside its long-term regression trend. 

The SUI price is currently hovering around $1.53, right in the range that has anchored the macro structure for months.

The October 10 wick also tapped the macro Point of Control, which is a massive support level on the Volume Profile. That usually indicates sellers exhausted themselves at the extreme low, which is why the price responded so aggressively afterward.

When you zoom in on the weekly chart, a few things immediately stand out. OBV has dropped well below its moving average, which tells us there’s been a long stretch of distribution. 

At the same time, the weekly StochastiX is hovering near oversold territory, hinting that sellers might be running out of momentum. Volume remains light too, indicating there isn’t much aggressive selling happening anymore. 

The SUI price is also sitting right on top of the weekly hypertrend around $1.53, a level that has acted as a key structural support. And above all of this sits the genesis AVWAP near $2, a major barrier SUI will eventually need to reclaim to fully shift its midterm trend.

Something else matters here: wick mechanics. Earlier this year, SUI dropped from $2.80 to $0.56, and the midpoint of that long wick is $1.68. Price has already revisited that midpoint zone, which often counts as a technical completion of the wick fill. That’s another clue that the downside may be running out of steam.

SUI is finally showing an upturn in daily structure

On the daily chart, SUI is beginning to show the early signs of a recovery. The price is now trading above the daily hypertrend and testing the 9-day SMA. 

If the SUI price manages to break through this short-term moving average, the next opening is toward $1.79, which lines up perfectly with the 20-day SMA.

Momentum indicators are improving as well, leading to a more bullish SUI price prediction. The daily StochastiX is deep in oversold territory, and OBV is inching closer to reclaiming lost ground. These aren’t bullish confirmations yet, but they do signal that momentum is shifting away from sellers.

Short-term reclaim zones are simple: $1.53 → $1.68 → $1.79.

Clearing these levels with convincing volume would shift the short-term trend in SUI’s favor. But the bigger shift, the one that actually changes the medium-term structure happens once SUI gets above $2. That’s the level analysts are really watching.

Sentiment is changing faster than SUI price

Outside of the charts, sentiment is finally showing signs of recovery too. Trader Ray summed up the mood with a simple comment: “SUI is literally free at these levels IMO.” And while that’s obviously exaggerated, it reflects the growing belief that SUI has been oversold for too long.

Tokens tend to bottom when everyone stops showing interest, and based on the engagement this week, traders are waking back up. 

Oversold conditions, strong support, and improving structure tend to attract early buyers long before the rest of the market catches on.

What’s next for SUI?

The path from here is straightforward, the SUI price needs to hold above the $1.53 hypertrend area and show that buyers are willing to defend that level on the weekly close. From there, pushing back above $1.68 and then $1.79 would open the door to an uptrend.

If momentum continues to build and volume expands, then targeting the $1.90–$2.20 zone becomes more realistic. But the real structural shift doesn’t happen until SUI reclaims $2. That’s the level that separates a simple bounce from a true reversal.

SUI has finally reached a zone where strong reversals have started in the past, and the indicators that matter most RSI, OBV, StochastiX, volume structure, and hypertrend levels are all pointing in the same direction. The token isn’t out of danger yet, but the chart looks far healthier than it did just days ago.

Whether this turns into a full recovery or just a short-lived bounce depends on how SUI behaves around the reclaim levels ahead. But one thing is clear: SUI is no longer in freefall. It’s stabilizing at a level where smart money usually starts showing interest, and the market is already taking notice.

It’s also worth mentioning that we could see a wave of altcoin ETF approvals soon, and Sui could be one of the beneficiaries. For example, Grayscale launched its XRP and Dogecoin spot ETFs yesterday, and there are currently multiple SUI ETF applications from issuers such as 21Shares and Canary Capital.

Source:: SUI Just Hit a “Bounce Zone” – Here’s Where SUI Price Could Go Next