Aniket Pujari
Sui crypto price forms a bullish double bottom at the key $1.32 support level, signaling a potential trend reversal as price eyes a breakout above $1.66 toward higher targets.
Summary
- Sui prints a bullish double bottom at the $1.32 support zone.
- Neckline resistance sits at $1.66 above a key bearish order block.
- Breakout may trigger a rally toward the next major resistance at $2.19.
Sui (SUI) crypto price is showing its first meaningful signs of recovery after an extended period of bearish pressure that has defined its price action in recent weeks. The asset has been consistently forming lower highs and lower lows, signalling clear downside dominance across the daily chart. However, a notable shift in momentum is emerging as Sui establishes a strong bullish double bottom pattern at the critical $1.32 support level.
This recovery attempt also comes as Sui launches its USDsui stablecoin to support on-chain commerce, although the rollout has not yet influenced immediate price behaviour. With price now reacting positively from this zone, the market is beginning to consider whether a larger trend reversal may be under way, especially if key resistance levels are reclaimed in the coming days.
Sui crypto price key technical points
- Sui forms a clean bullish double bottom at the $1.32 support zone.
- Neckline resistance sits near $1.66, aligning with a bearish order block.
- A breakout above $1.66 may trigger an extended rally toward $2.19.
Sui has spent the past several weeks trading within a firmly bearish structure, characterized by consecutive lower highs and lower lows. This type of pattern generally reinforces continuation to the downside, especially when accompanied by weak bullish volume.
The market structure reflected persistent selling pressure that repeatedly prevented Sui from regaining its prior momentum. Despite this, the asset has now reached a critical turning point, having retested the $1.32 support zone twice in a formation resembling a classic double-bottom reversal pattern.
This shift in momentum comes alongside Sui’s rollout of its upgraded Mysticeti v2 consensus engine, although the upgrade’s impact on short-term price action has yet to materialize. The strength of this reaction provides the foundation for the potential double bottom pattern now taking shape.
For this formation to trigger a complete bullish reversal, the neckline resistance must be broken. In Sui’s case, this neckline is situated around $1.66, directly above a bearish order block that has repeatedly capped price throughout the downtrend. This makes the $1.66 level a high-value threshold. If price action closes above this region with increasing bullish volume, it confirms both a breakout and a shift in market structure.
A reclaim of $1.66 may accelerate momentum
A confirmed break above $1.66 would likely open the path toward the next major daily resistance near $2.19. This level represents a strong technical barrier from earlier price action and has historically served as a pivot area.
With market participants now showing renewed interest around $1.32, a reclaim of $1.66 may accelerate momentum rapidly as short positions unwind and new long exposure enters the market.
From a structural perspective, such a breakout would signal a shift from a bearish trend of lower highs and lower lows to a new pattern of higher highs and higher lows. This shift would signal that the macro trend is beginning to reverse in favor of the bulls, primarily if volume supports the move.
What to expect in the coming price action
If Sui manages to reclaim the $1.66 neckline with substantial volume, a sustained rally toward $2.19 becomes increasingly probable. Failure to break above this resistance may lead to continued consolidation around $1.32, with downside risk returning if support weakens. Market structure remains promising, but confirmation is key.
