SUI Retests $2.4 Support as Analysts Eye Rebound Toward $5.2
- SUI trades near $2.51, holding its crucial $2.4 support level with signs of accumulation and stability.
- Chart projections show potential upside toward $5.2 once price confirms support and breaks mid-range levels.
- Investors are monitoring consolidation between $2.0 and $2.5 as bulls target a recovery by early 2026.
SUI (SUI/USDT) is testing a crucial support level near $2.40, a price zone analysts suggest could trigger a significant upward move. The chart, shared by trader Emijap Turbo on X (formerly Twitter), highlights a potential reversal pattern forming within a tight consolidation zone on Binance’s 3-day chart.
At press time, SUI trades around $2.51, down nearly 3.83%, as traders monitor whether bulls can defend this critical level. The support range between $2.02 and $2.43 is now viewed as a decisive area for market sentiment heading into November.
The central question is — can SUI’s rebound from this $2.4 zone ignite a breakout toward $5 in early 2026?
Technical Structure Suggests a Potential Recovery Move
The chart shows SUI forming a double-bottom structure around the $2.40 range, historically a key demand zone that attracted buyers. This accumulation pattern mirrors earlier rebounds that preceded sharp upward price movements toward mid-channel resistance zones.
According to the analysis, once SUI stabilizes above this region, momentum could drive a gradual recovery toward the $4.18 to $5.28 resistance levels. The projected path, illustrated by a curved upward arrow on the chart, reflects a steady climb through intermediate price zones.
Such price movement aligns with historical patterns observed during prior consolidation periods, where a swift reversal followed each major dip below $2.50. Analysts say holding above this base could reestablish bullish control, potentially preparing the asset for another rally phase in early 2026.
Bulls Eye Breakout Toward Mid-Range Resistance
The chart’s Fibonacci levels indicate that $5.28 represents the next significant resistance point once the $2.40 zone holds firm. Traders anticipate that clearing the $3.00 mark could trigger momentum buying, sending prices toward the mid-range target within weeks.
Data from TradingView confirms that SUI’s moving averages remain aligned within a sideways-to-upward pattern, suggesting consolidation rather than a breakdown. The convergence of moving averages near the $2.50 threshold further supports this stabilization narrative.
A breakout above $4.18 could signal the start of a new bullish trend, targeting the upper zone around $5.28. The projected scenario presented by the analyst indicates strong technical confluence across trendlines, reinforcing expectations of a potential price expansion phase.
Investor Sentiment and Market Context
Market participants have responded with cautious optimism. SUI’s ability to hold above the $2.40 level amid broader market volatility has sparked discussions about the token’s resilience. The presence of higher lows within the current formation signals that investors may be positioning for a longer-term move.
If this support zone holds, it could mark the third consecutive defense of SUI’s macro channel floor, a development often preceding strong uptrends. The pattern of repeated rebounds around identical support levels typically reflects sustained investor confidence in asset fundamentals.
As the chart projects, maintaining the $2.4–$2.5 range could create the foundation for a multi-month rally. The outlined trajectory suggests the possibility of revisiting higher resistance zones by early 2026 if market conditions remain favorable.
