Sui price has started to show early signs of recovery after weeks of selling pressure. The token is currently trading near $0.98, gradually climbing from the recent lows around $0.88 as buyers attempt to regain control.
However, the price is now approaching a crucial decision zone near $1, where both technical resistance and liquidation clusters could determine the next major move.
The latest price structure reveals that SUI is trading within a falling wedge formation, a pattern often associated with bullish reversals after extended downtrends. Within this structure, the price has been forming lower highs and gradually stabilizing lows, suggesting that the selling pressure is weakening. The token recently rebounded from the $0.88–$0.91 support zone, which has acted as a strong demand region during the recent correction.
Currently, SUI is testing the upper boundary of the wedge near $0.98–$1.00. A successful breakout above this trendline could confirm a shift in momentum. If the breakout occurs, the next resistance levels appear around $1.05 initially and later at $1.16. The RSI is recovering, following a parabolic curve, but the bearish deviation within the DMI levels may raise some concern. However, until the price sustains above the resistance of the wedge, bullish hopes may prevail.
Derivatives data further highlights the importance of the $1.00 level. According to the liquidation heatmap, a large concentration of leveraged positions sits just above the $1 region, creating a significant liquidity zone. If SUI manages to break above this level, these short positions could be forced to close, potentially triggering a short squeeze that accelerates the upward move.
At the same time, another major liquidity cluster can be seen between $0.82 and $0.88, which currently acts as a strong support zone. This suggests that buyers have been actively defending this region during recent pullbacks. Because of these stacked liquidity zones, the market may experience increased volatility as the price approaches $1.
For now, $1 remains the key breakout level.
With both technical compression and liquidation pressure building, the coming sessions could be decisive for SUI’s short-term price action.
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